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Which amongst desire, surplus, ability, willingness is not a component of demand?

Which amongst desire, surplus, ability, willingness is not a component of demand?<br/>

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Asked by Sebuch, Last updated: Nov 09, 2024

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3 Answers

O. Miller

O. Miller

Have 3 years of Experience in journalism.

O. Miller
O. Miller, Content Optimization Executive, Studied Journalism and Psychology, Austin,Texas

Answered Feb 07, 2019

Surplus occurs for a consumer when the difference in the price a consumer set aside or is willing to pay for a particular commodity is higher than the actual price of that commodity. It also occur for a producer when the amount a producer gain from selling a commodity at a higher price is more than the initial price of the commodity that the producer was willing to sell.

Desire is commodity you wish to have, regardless of your purchasing power, needs and wants. It is a component of demand. Ability is also a component of demand; it is the financial power of a consumer to purchase goods or services. The willingness of consumers to buy a good or service is a key component in demand.

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John Adney

John Adney

John Adney
John Adney

Answered Feb 21, 2017

My answer is surplus
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John Smith

John Smith

John Smith
John Smith

Answered Dec 29, 2016

Surplus
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