1. law of demand
law of demand says that price and demand of goods and services are inversely to each other .If price will increase than demand will decrease .
Eg:- Off Season things like clothes , fruits etc , price increases and demand decreases .
2.law of diminishing marginal utility
This law says that other all things will remains same when extra additional input is consumed , than in result marginal utility will decline .
Eg:-imagine there is a girls who want to buy extra pair of tops and instead of having enough she want more . she will use that less therefore because of more tops her satisfaction level decreases .
3.Inelastic demand
This is one of the case where the demand does not effect or can say does not increase or decrease with respect to increase or decrease in price .
Eg:-increase in price of rice , wheat and pulses is in inelastic demand as increase in price also make in change because of little less demand create not more change in overall change .
4.Supply curve
supply curve is the graphical representation of two factors one is price and other is supply of goods and services . both are proportional to each other .
Eg:-supply of maggie increases as more the people like the product more the supply will be there , as a result price of maggie will also increase .
5.Consumer behavior
This is the study of individual , group and organisation where customer deals with the price , usage and disposal of goods and services .
Eg:-purchasing of goods from market and satisfied with its price and consumes it fully with full satisfaction is one of the example od consumer behavior .
law of demand says that price and demand of goods and services are inversely to each other .If price will increase than demand will decrease .
Eg:- Off Season things like clothes , fruits etc , price increases and demand decreases .
2.law of diminishing marginal utility
This law says that other all things will remains same when extra additional input is consumed , than in result marginal utility will decline .
Eg:-imagine there is a girls who want to buy extra pair of tops and instead of having enough she want more . she will use that less therefore because of more tops her satisfaction level decreases .
3.Inelastic demand
This is one of the case where the demand does not effect or can say does not increase or decrease with respect to increase or decrease in price .
Eg:-increase in price of rice , wheat and pulses is in inelastic demand as increase in price also make in change because of little less demand create not more change in overall change .
4.Supply curve
supply curve is the graphical representation of two factors one is price and other is supply of goods and services . both are proportional to each other .
Eg:-supply of maggie increases as more the people like the product more the supply will be there , as a result price of maggie will also increase .
5.Consumer behavior
This is the study of individual , group and organisation where customer deals with the price , usage and disposal of goods and services .
Eg:-purchasing of goods from market and satisfied with its price and consumes it fully with full satisfaction is one of the example od consumer behavior .
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