Distinguish between:
1. Desire and demand
ANSWER:
Desire
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Demand
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Desires refer to those wishes that a human being cherishes.
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Demand refers to the quantity of goods that individuals are willing to buy.
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They may or may not be backed by financial power.
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It should be backed by financial power.
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For example: Walking on the moon
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For example, a consumer demands 2 kg sugar at Rs 10 per kg and 3 kg sugar at Rs 8 per kg.
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