Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 -(A) Demand Analysis [Latest edition]
Q.3. Distinguish between:
Desire and demand.
Desire | Demand |
Desires refer to those wishes that a human being cherishes. | Demand refers to the quantity of goods that individuals are willing to buy. |
They may or may not be backed by financial power. | It should be backed by financial power. |
For example: Walking on the moon | For example, a consumer demands 2 kg sugar at Rs 10 per kg and 3 kg sugar at Rs 8 per kg. |
