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    LAW OF DEMAND

    Uploaded by

    nepale2625

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    LAW OF DEMAND

    Uploaded by

    nepale2625
    4 views10 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    4 views10 pages

    LAW OF DEMAND

    Uploaded by

    nepale2625

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    LAW OF

    DEMAND
    ECONOMICS
    WHAT ?
    An inverse relationship
    between price and quantity
    demanded of a commodity
    keeping other things constant.

    2
    Law of Demand
    When the price of any product increases
    its demand will fall.

    When the price of that product decreases


    Its demand will increase in the market.
    3
    Income Of Price Of
    Consumer Substitutes

    Price Of
    Future Factors
    Compliment
    Price Affecting
    s
    Demand

    Changes In
    Seasonal Taste And
    Preferences
    4
    Giffen goods
    EXCEPTIONS
    Veblem goods

    Irrational
    judgement
    Necessities of life

    Luxury goods

    Consumer negligence

    Trading in stock
    exchanges
    5
    DEMAND SCHEDULE
    y

    5 Demand curve
    PRICE QUANTITY
    4 (RS) DEMANDED
    Price (Rs)

    3 5 100

    4 200
    2
    3 300
    1
    2 400
    0
    100 200 300 400 500 x 1 500
    Quantity demanded

    6
    Causes For Downward Sloping Of
    Demand Curves

    The law of diminishing


    1 4 New buyers
    the marginal utility

    2 Substitution effect 5 Different uses

    3 Income effect
    7
    CHANGE IN DEMAND

    EXTENTION
    1 OF
    DEMAND

    2 CONTRACTION
    OF DEMAND

    8
    SHIFT IN DEMAND

    INCREASE IN
    1
    DEMAND

    DECREASE IN
    2 DEMAND

    9
    THANK
    YOU

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