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43. In Smith’s analysis, effectual demand is the demand of buyers who are willing to a....

43. In Smith’s analysis, effectual demand is the demand of buyers who are willing to a. pay the natural price. b. pay the nominal price. c. pay the market price. d. pay the real price.

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Answer #1

Solution-

In Smith’s analysis, effectual demand is the demand of buyers who are willing to Pay the natural price.

The correct option is A.Pay the natural price.

Reason-

According to Smith's analysis , Effectual demand is the demand of buyers who are willing to pay the “natural price,” which is the price sufficient to cover production costs.Natural price means a price which is determined by the costs of production and about which the market price can oscillate.

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