Which of the following elements is not essential to economic demand?

CA Foundation · Business Economics · MTP · May 2026
Which of the following elements is not essential to economic demand?
(A) A. Willingness to buy
(B) B. Ability to pay
(C) C. Desire to buy
(D) D. Unlimited wants

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Unlimited wants

Topics: Theory of Demand and Supply

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