Which amongst desire, surplus, ability, willingness is not a - ProProfs Discuss
Advertisement

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

Asked by Sebuch, Last updated: Apr 11, 2024

+ Answer
Request
Question menu
Vote up Vote down

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.

upvote downvote
Reply 

John Adney

John Adney

John Adney
John Adney

Answered Feb 21, 2017

My answer is surplus
upvote downvote
Reply 

John Smith

John Smith

John Smith
John Smith

Answered Dec 29, 2016

Surplus
upvote downvote
Reply 

Advertisement
Advertisement
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader

Email Sent
We have sent an email to your address "" with instructions to reset your password.