# Unit 2 on Freedoms4

https://freedoms4.org/uninotes/s1/et-dcm1107/unit2/ Recent content in Unit 2 on Freedoms4 Hugo en-us your-email@example.com (Freedoms4) your-email@example.com (Freedoms4)

# Unit 2

https://freedoms4.org/uninotes/s1/et-dcm1107/unit2/live/ Mon, 01 Jan 0001 00:00:00 +0000 your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/et-dcm1107/unit2/live/<h3 class="heading" id="april-12-2026"> <em><strong>April 12, 2026</strong></em><span class="heading__anchor"> <a href="#april-12-2026">#</a></span> </h3><h2 class="heading" id="types-of-utility"> Types of Utility<span class="heading__anchor"> <a href="#types-of-utility">#</a></span> </h2><p>A) Form Utility<br> B) Place<br> C) Time<br> D) Possession</p> <h2 class="heading" id="law-of-deminishing-marginal-utility"> Law of Deminishing Marginal Utility<span class="heading__anchor"> <a href="#law-of-deminishing-marginal-utility">#</a></span> </h2><h2 class="heading" id="law-of-equi-marginal-utility"> Law of Equi-Marginal Utility<span class="heading__anchor"> <a href="#law-of-equi-marginal-utility">#</a></span> </h2><h2 class="heading" id="law-of-demand"> Law of Demand<span class="heading__anchor"> <a href="#law-of-demand">#</a></span> </h2><p>Price and Quantity demanded for a product is inversely related.</p> <h2 class="heading" id="exceptions-of-law-of-demand"> Exceptions of Law of Demand<span class="heading__anchor"> <a href="#exceptions-of-law-of-demand">#</a></span> </h2><p>A) Assumption of increase in price.<br> B) Status goods or Veblen goods.<br> C) Giffen goods.<br> D) War.<br> E) Economic depression. F) Essential goods.</p>