theory of demand
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Pushpanjali Sharma 4 years, 3 months ago
- 1 answers
Related Questions
Posted by Radhika Bharti 11 months, 1 week ago
- 2 answers
Posted by Vakul Dhurve 11 months ago
- 0 answers
Posted by Geeta Rai 11 months, 1 week ago
- 1 answers
Posted by Bhumi Bhumi 9 months, 2 weeks ago
- 0 answers
Posted by Khushi Bhatt 6 months, 3 weeks ago
- 1 answers
Posted by Vansh Vansh12 8 months ago
- 1 answers
Posted by Krishna Sharma 4 months, 3 weeks ago
- 0 answers
Posted by Nidhi Sharma 7 months, 2 weeks ago
- 0 answers
Posted by Trisha Kandol 10 months ago
- 1 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Yogita Ingle 4 years, 3 months ago
Law of demand is interpreted as ‘quantity demand of product comes down if the price of the product goes up.’ That is if the cost of the product goes up then the aggregate quantity demanded falls. Because the opportunity cost of customer increase which leads customers to go for any other substitute or they may not purchase it. The law of demand and its exceptions are really inquisitive concepts.
Consumer proclivity theory assists us to comprehend which combination of 2 commodities a customer will purchase based on the market prices of the commodities and subject to a customer’s budget restriction. The amount of a commodity a customer actually purchases is the interesting part. This is best elucidated in Microeconomics utilizing the demand function.
0Thank You