Question : What is needed to create demand?
Option 1: Production
Option 2: Price
Option 3: Income
Option 4: Import
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Correct Answer: Production
Solution : The correct option is production.
For demand to exist, the product or service must be available in the market. Sufficient production is necessary to ensure an adequate supply to meet potential demand.
High-quality production can contribute to positive consumer experiences, which, in turn, can drive demand. Ensuring that the product or service meets or exceeds customer expectations is crucial.
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Question : The law of demand states that when _____.
Option 1: income and price rise demand rises
Option 2: income rises demand rises
Option 3: price rises demand rises
Option 4: price falls demand rises
Question : Demand in economics means:
Option 1: aggregate demand
Option 2: market demand
Option 3: individual demand
Option 4: demand backed by purchasing power
Question : 'White Revolution' is related to
Option 1: Wheat production
Option 2: Milk production
Option 3: Flood control
Option 4: Fish production
Question : BPL is an economic benchmark related to threshold income. What does "BPL" stand for?
Option 1: Base Price Line
Option 2: Below Price Line
Option 3: Below Poverty Line
Option 4: Base Poverty Line
Question : National income received by the households is called_____.
Option 1: domestic income
Option 2: professional income
Option 3: personal income
Option 4: disposable income
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