he concept of effective demand refers to Group of answer choices A) The desire to purchase real estate. B) The effect of consumer preferences on the single-family housingmarket. C) The desire to purchase real estate plus the necessary purchasingpower. D) The state of the market when supply and demand are in equilibr

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 10E
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The concept of effective demand refers to

Group of answer choices

A) The desire to purchase real estate.

B) The effect of consumer preferences on the single-family housingmarket.

C) The desire to purchase real estate plus the necessary purchasingpower.

D) The state of the market when supply and demand are in equilibrium.

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