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Theory Of Demand

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The document discusses the theory of demand and concepts related to demand analysis such as the law of demand, utility theory, indifference curves, and consumer equilibrium. It explains that demand analysis is important for business managers to understand factors that influence demand, how price changes affect quantity demanded, and consumer behavior. Key concepts covered include total utility, marginal utility, diminishing marginal utility, cardinal and ordinal utility, substitution and income effects, and different types of demand functions.

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THEORY OF DEMAND DEMAND ANALYSIS- CONCEPT OF DEMAND- Marshall/Hicks utility approaches LAW OF DEMAND I
CONTENTS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
WHY DEMAND ANALYSIS? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
MEANING OF DEMAND ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
BASIS OF CONSUMER DEMAND ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CONCEPTS OF UTILITY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
LAW OF DIMINISHING MARGINAL UTILITY ,[object Object],[object Object]
DIMINISHING MARGINAL UTILITY? ,[object Object],[object Object],[object Object],[object Object],[object Object]
CARDINAL /ORDINAL CONCEPTS OF UTILITY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CARDINAL UTILITYAPPROACH-CONSUMER BEHAVIOUR ANALYSIS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
LAW OF DEMAND ,[object Object],[object Object],[object Object]
DEMAND SCHEDULE&DEMAND CURVE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CONSUMER SURPLUS ,[object Object],[object Object],[object Object],[object Object],[object Object]
CONSUMER SURPLUS OBSERVATIONS ,[object Object],[object Object],[object Object],[object Object],[object Object]
EXCEPTIONS TO LAW OF DEMAND ,[object Object],[object Object],[object Object],[object Object]
ORDINAL UTILTY-INDIFFERENCE CURVES ,[object Object],[object Object]
PROPERTIES OF IC ,[object Object],[object Object],[object Object],[object Object],[object Object]
CONSUMER BUDGET LINE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EQUILIBRIUM ,[object Object],[object Object],[object Object],[object Object],[object Object]
FACTORS BEHIND LAW OF DEMAND ,[object Object],[object Object],[object Object],[object Object]
SUBSTITUTION EFFECT-WHEN? ,[object Object],[object Object],[object Object],[object Object]
Demand theory –some applications ,[object Object],[object Object],[object Object],[object Object],[object Object]
Marketable surplus ,[object Object],[object Object],[object Object],[object Object]
REVEALED PREFERENCE THEORY-SAMUELSON ,[object Object],[object Object],[object Object],[object Object]
DEMAND FUNCTION LINEAR DEMAND FUNCTION NONLINEAR DEMAND FUNCTION DYNAMIC DEMAND FUNCTION
LINEAR/NON LINEAR DEMAND FUNCTION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
NON-LINEAR DEMAND FUNCTION ,[object Object],[object Object],[object Object],[object Object],[object Object]
DYNAMIC DEMAND FUNCTION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Theory Of Demand

  • 1. THEORY OF DEMAND DEMAND ANALYSIS- CONCEPT OF DEMAND- Marshall/Hicks utility approaches LAW OF DEMAND I
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  • 25. DEMAND FUNCTION LINEAR DEMAND FUNCTION NONLINEAR DEMAND FUNCTION DYNAMIC DEMAND FUNCTION
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