Properties of Indifference Curve and Budget Line Economics notes class11-12
Properties of Indifference Curve: There are four main properties of Indifference Curve, which are as follows : 1. […]
Properties of Indifference Curve: There are four main properties of Indifference Curve, which are as follows : 1. […]
Indifference Curve Analysis or Ordinal Utility Analysis : Cardinal Utility : Cardinal utility means that the utility that
Consumer’s Equilibrium in Two commodity Law of Equi – Marginal Utility Every consumer has to buy a number of
Consumer’s Equilibrium : in Single Commodity Through Cardinal Utility Approach : Question : State the conditions of consumer’s equilibrium in terms
Law of Diminishing Marginal Utility : The law is given by
Theory of Consumer Behaviour : Lesson at at a glance Theory Of Consumer Behaviour Cardinal Utility Analysis Ordinal Utility
Change in Quantity Demanded & Change in Demand : Change in Quantity Demanded/ Movement Along the Demand Curve : When
Exceptions of Law of Demand Law of Demand: According to the Law of Demand, there is
Demand Function A demand function [Dn], states the relationship between the demand for a product and its various determinants.
Reasons for Downward Slope of the Demand Curve : On the basis of the law of demand, the demand curve