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Home Theory of Demand

Theory of Demand:

 

Meanings of Demand:

 

The word 'demand' is so common and familiar with every one of us that it seems superfluous to define it. The need for precise definition arises simply because it is sometimes confused with other words such as desire, wish want, etc. Continue reading.

 

Law of Demand:

 

We have stated earlier that demand for a commodity is related to price per unit of time. It is the experience of every consumer that when the prices of the commodities fall, they are tempted to purchase more. Continue reading.

 

Individual's and Market Demand for a Commodity:

 

The individuals demand for a commodity is the amount of a commodity which the consumer is willing to purchase at any given price over a specified period of time. Continue reading.

 

Movement Vs Shifts of Demand Curve:

 

Changes in demand for a commodity can be shown through the demand curve in two ways. Continue reading.

 

Non Price Factors or Shifts Factors Causing Changes in Demand:

 

While explaining the law of demand, we have stated that, other things remaining the same (cetris paribus), the demand for a commodity inversely with price per unit of time. Continue reading.

 

Slope of the Demand Curve:

 

The demand curve generally slopes downward from left to right. It has a negative slope because the two important variables price and quantity work in opposite direction. Continue reading.

 

 

 

Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Rent
Wages
Interest
Profits
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance
History of Money

 

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