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Which condition makes a consumer's want effective demand in economic analysis?

Answer

The consumer desires the good and can pay for it

Explanation

### Why this is right Effective demand combines willingness or desire to purchase with the ability to pay. A mere wish without purchasing power is not treated as demand in the economic sense described in the note. ### The concept Economists distinguish demand from an unsupported want because market purchases require both a preference and the means to pay. An individual demand schedule records quantities one buyer would purchase at alternative prices over a particular period. Market demand adds the quantities of all buyers in the relevant commodity market. ### The other options - **The consumer has heard of the good**: awareness alone does not imply either desire or ability to pay. - **The good is available in every market**: availability is not the defining condition for effective demand. - **The consumer expects the price to rise**: expectations may affect behavior, but they do not alone make a want effective demand. ### Terms - **Effective demand**: a desire for a product backed by the ability to pay. ### Remember A wish becomes economic demand when it is backed by purchasing power.

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