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Economics (AS & A Level) · Feb / March 2024 · Paper 12 · Question 6

9708Demand and supply curves

What is the definition of effective demand?

  1. Ademand that is speculative
  2. Bdemand that is supported by the ability to pay
  3. Cthe relationship between price and quantity demanded
  4. Dthe total amount demanded by consumers

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Correct answer: B. demand that is supported by the ability to pay

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