CA foundation economics    TOPIC :

Chapter 2: Unit III: Supply


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CMA foundation mcq 12 NCERT Maths
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Q.1) Demand for a commodity refers to:

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Demand for a commodity refers to the quantity of the commodity demanded at a certain price during any particular period of time.
Option (a) refers to desire backed by ability to pay for the commodity which is called effective demand.
Option (b) refers to willingness to pay for the commodity which is called latent demand.
Option (c) refers to quantity demanded of that commodity at a certain price which is called market demand.
ans: (d)



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