All desires are not demand. - Vidyadip

Question

All desires are not demand.

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Answer

Yes, I agree with this statement.

Desire means an individual’s wish to acquire a commodity.
In economics, demand means desire which is backed by willingness and ability to pay.
Symbolically, Demand = Desire + Ability to pay + Willingness to pay
All desires may not be backed by ability to pay and willingness to pay.
Therefore, all desires are not demand.

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