Question
The demand in economics
means:Solution
In economics, demand refers to the desire for a good or service combined with the ability to purchase that good or service. This is often called effective demand. The key element of demand is the purchasing power, meaning the consumer must not only want a good but also have the financial means to buy it. Thus, the correct answer is (d) demand backed by purchasing power.
M and N started a business by investing Rs.6000 and Rs.7000 respectively. After 6 months, M and N increased their investments by 40% and Rs.2800 respect...
Ashish started a business by investing Rs. 6300. Few months later; Ramesh joined him by investing Rs. 8000 such that at the end of the year, the profit ...
If a sum of money is to be divided among A, B, C such that A’s share is equal to thrice B’s share and B’s share is 9 times C’s share then their ...
- Pooja and Ritu started a partnership by investing Rs. 1050 and Rs. 900 respectively. After 6 months, Pooja increased her capital by Rs. 210, while Ritu dec...
Meera invested Rs. P and Tara invested Rs. (P + 15) for 15 months and 12 months respectively. Their profit ratio is 3:4. Find Tara’s investment.
A and B started a business by investing Rs.450 and Rs.550 respectively. After 8 months, A increased his investment by Rs.850. Find the ratio of annual p...
M and N invested Rs. 2800 and Rs. 4200 in a firm. After 6 months, O joined them with Rs. ‘x’. If M’s share in the annual profit of Rs. 1800 is Rs....
A, B and C started a online education website by investing Rs.40,000, Rs.45,000 and Rs.50,000 respectively. Find the share of A’s, out of an annual pr...
Three persons A, B and C invested different amounts in a business, which are in A.P. The amount invested by B is Rs. 2000 more than that of A. C investe...
A, B and C start a business. A invests Rs 80,000 for 12 months, B invests Rs 1,20,000 for 9 months and C invests Rs 1,00,000 for 6 months. If the total ...
