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Elementary Theory of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
MCQ
Which of the following statement is not true?
  • A
    Want is an effective desire
  • B
    Demand is different from want
  • C
    Demand is always at a price
  • ✓
    In economics, the terms - 'desire' 'want' and 'demand' have the same meanings.
✓

Answer

Correct option: D.
In economics, the terms - 'desire' 'want' and 'demand' have the same meanings.
D

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