+++
draft = false
semester = ['S1']
subjectcode = ['ET DCM1107']
unit = 'Unit 2'
notecategory = 'Live'
title = 'Unit 2'
toc = true
url = '/uninotes/s1/et-dcm1107/unit2/live/'
uniturl = '/uninotes/s1/et-dcm1107/unit2/'
+++

### ***April 12, 2026***

## Types of Utility

A) Form Utility  
B) Place  
C) Time  
D) Possession

## Law of Deminishing Marginal Utility

## Law of Equi-Marginal Utility

## Law of Demand

Price and Quantity demanded for a product is inversely related.

## Exceptions of Law of Demand

A) Assumption of increase in price.  
B) Status goods or Veblen goods.  
C) Giffen goods.  
D) War.  
E) Economic depression. 
F) Essential goods.




