State whether the following statement is TRUE and FALSE Desire means

1.	State whether the following statement is TRUE and FALSE Desire means demand.
Answer» FALSE Desires refer to those wishes that a human being cherishes such as to walk on the moon, to be a billionaire and to buy a Rolls-Royce. These wishes may not always be backed by enough finance to realise them. It is only when a desire is backed by sufficient purchasing power, along with the consumer’s readiness to spend on materialising the wish, it becomes demand. Thus, until a consumer has sufficient money and he/she is willing to spend, a desire will remain a desire.

State whether the following statement is TRUE and FALSE Desire means demand.

Answer»

FALSE

Desires refer to those wishes that a human being cherishes such as to walk on the moon, to be a billionaire and to buy a Rolls-Royce. These wishes may not always be backed by enough finance to realise them. It is only when a desire is backed by sufficient purchasing power, along with the consumer’s readiness to spend on materialising the wish, it becomes demand. Thus, until a consumer has sufficient money and he/she is willing to spend, a desire will remain a desire.

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State whether the following statement is TRUE and FALSE Desire means demand.

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