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<!doctype html><html class=html lang=en-us dir=ltr><head><meta charset=utf-8><meta name=viewport content="width=device-width"><title>Unit 2 | Freedoms4</title><link rel=stylesheet href=/css/style.min.34d0accb85f8ec23ceee8c29eef5907823b531d8acb9e6bdf45a3b37ad028d30.css integrity="sha256-NNCsy4X47CPO7owp7vWQeCO1Mdisuea99Fo7N60CjTA=" crossorigin=anonymous><link rel=icon href=/favicon.ico><meta name=description content=" April 12, 2026 # Types of Utility # A) Form Utility
<!doctype html><html class=html lang=en-us dir=ltr><head><meta charset=utf-8><meta name=viewport content="width=device-width"><title>Unit 2 | Freedoms4</title><link rel=stylesheet href=/css/style.min.34d0accb85f8ec23ceee8c29eef5907823b531d8acb9e6bdf45a3b37ad028d30.css integrity="sha256-NNCsy4X47CPO7owp7vWQeCO1Mdisuea99Fo7N60CjTA=" crossorigin=anonymous><link rel=icon href=/favicon.ico><meta name=description content="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.
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."><meta property="og:url" content="https://freedoms4.org/uninotes/s1/et-dcm1107/unit2/live/"><meta property="og:site_name" content="Freedoms4"><meta property="og:title" content="Unit 2"><meta property="og:description" content="April 12, 2026 # Types of Utility # A) Form Utility
E) Economic depression. F) Essential goods."><meta property="og:url" content="https://freedoms4.org/uninotes/s1/et-dcm1107/unit2/live/"><meta property="og:site_name" content="Freedoms4"><meta property="og:title" content="Unit 2"><meta property="og:description" content="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.
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."><meta property="og:locale" content="en_us"><meta property="og:type" content="article"><meta property="article:section" content="uninotes"><meta itemprop=name content="Unit 2"><meta itemprop=description content="April 12, 2026 # Types of Utility # A) Form Utility
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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.
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."><meta itemprop=wordCount content="71"><meta itemprop=keywords content="S1,ET DCM1107"><link rel=stylesheet href=/css/custom.css><script>(function(){var e=localStorage.getItem("theme");e&&document.documentElement.setAttribute("data-theme",e),localStorage.getItem("f4_username")==="hyzen"&&document.documentElement.classList.add("hyzen-user")})()</script><script async src=https://plausible.freedoms4.org/js/pa-5BKl0z0RLzwrclKq4y-qk.js></script><script>(window.plausible=window.plausible||function(){(plausible.q=plausible.q||[]).push(arguments)},plausible.init=plausible.init||function(e){plausible.o=e||{}}),plausible.init()</script></head><body class=body><header class=header><div class=brand><img src=/logo.png alt="Freedoms4 logo"><h1>Freedoms4</h1><div class=brand__actions><button class=theme-toggle id=theme-toggle aria-label="Toggle theme" title="Toggle dark/light mode">
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@@ -39,7 +39,7 @@ Blog posts</button></div></div></div></div><nav class="menu language"><ul class=
› <a href=/uninotes/s1/>S1</a> › <a href=/uninotes/s1/et-dcm1107/>ET DCM1107</a> ›
<a href=/uninotes/s1/et-dcm1107/unit2/>Unit 2</a> ›
<span>Live</span></nav><div class=uninotes-meta><span class=uninotes-meta__pill>S1</span> <span class=uninotes-meta__pill>ET DCM1107</span>
<span class="uninotes-meta__pill uninotes-meta__pill--live">Live</span></div><h1>Unit 2</h1><details class=toc><summary class=toc__summary>Table of Contents</summary><nav id=TableOfContents><ul><li><ul><li><a href=#april-12-2026><em><strong>April 12, 2026</strong></em></a></li></ul></li><li><a href=#types-of-utility>Types of Utility</a></li><li><a href=#law-of-deminishing-marginal-utility>Law of Deminishing Marginal Utility</a></li><li><a href=#law-of-equi-marginal-utility>Law of Equi-Marginal Utility</a></li><li><a href=#law-of-demand>Law of Demand</a></li><li><a href=#exceptions-of-law-of-demand>Exceptions of Law of Demand</a></li></ul></nav></details><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.
<span class="uninotes-meta__pill uninotes-meta__pill--live">Live</span></div><h1>Unit 2</h1><details class=toc><summary class=toc__summary>Table of Contents</summary><nav id=TableOfContents><ul><li><ul><li><a href=#april-12-2026><em><strong>April 12, 2026</strong></em></a></li></ul></li><li><a href=#types-of-utility>Types of Utility</a></li><li><a href=#law-of-deminishing-marginal-utility>Law of Deminishing Marginal Utility</a></li><li><a href=#law-of-equi-marginal-utility>Law of Equi-Marginal Utility</a></li><li><a href=#law-of-demand>Law of Demand</a></li><li><a href=#exceptions-of-law-of-demand>Exceptions of Law of Demand</a></li></ul></nav></details><h3 class=heading id=april-12-2026><em><strong>April 12, 2026</strong></em></h3><h2 class=heading id=types-of-utility>Types of Utility</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</h2><h2 class=heading id=law-of-equi-marginal-utility>Law of Equi-Marginal Utility</h2><h2 class=heading id=law-of-demand>Law of Demand</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</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><nav class=page-nav><a class=page-nav__previous-link href=/uninotes/s1/et-dcm1107/unit1/>← Unit 1</a>
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