Question

Effective demand means the level of income where ............ प्रभावी मागणी म्हणजे जेथे एकूण उत्पन्न ..... * 1 point ADAS एकूण मागणी > एकूण पुरवठा AD=AS एकूण मागणी = एकूण पुरवठा AD ÷ AS एकूण मागणी ÷ एकूण पुरवठा

Answer 1

Incomplete question. However, I inferred you want an explanation of the term effective demand.

Step-by-step explanation:

Effective demand refers to an economic condition where a market experiences a constant demand to buy goods available for supply irrespective of how much they cost.

Or from the Keynesian view, it is the point of equilibrium (where aggregate demand = aggregate supply).

Income plays a role in determining an individual's effective demand, for example, when a person's monthly earnings increase, they are more likely to increase their spending; leading to effective demand.