True. All desires are not demand because demand is a desire to buy commodity backed by the ability to pay and willingness to buy a commodity. Hence, only desire to buy a commodity is not demand.
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Similar Questions
Q1
All desires are not demand.
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Q2
Mere desire is not demand.
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Q3
Give reasons or explain the following statements.
1. All desires are not demand.
2. Increase in demand indicates a rightward shift in the demand curve.
3. Demand curve slopes downward from left to right.
4. Demand for factors of production is derived demand.