Question
Desire and Demand
| Desire | Demand |
| 1. Desire is a mere wish for something. For example desire for a chartered plane. | 1. Demand refers to desire backed by ability and willingness to pay for a particular commodity. |
| 2. Desire has no limits. | 2. Demand is limited by ability to pay and willingness to pay. |
| 3. Desire is not related or dependent on price. | 3. Demand is inversely related to price. |
| 4. Desire is wider in scope as it includes demand. | 4. Demand is narrow in scope as it is a part of desire. |
| 5. Example : Desire of a beggar to own a car. | 5. Example: Demand for a BMW Car by business man who has ability and willingness to pay. |
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.