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Blog posts</button></div></div></div></div><nav class="menu language"><ul class="menu__list language__list"><li class=menu__item><a class=menu__link href=/>Home</a></li><li class=menu__item><a class=menu__link href=/blog/>Blog</a></li><li class=menu__item><a class=menu__link href=/services/>Services</a></li><li class=menu__item><a class=menu__link href=/uninotes/>UniNotes</a></li><li class=menu__item><a class=menu__link href=/contact/>Contact</a></li></ul></nav></header><main class=main><nav class="uninotes-breadcrumbs breadcrumbs"><a href=/uninotes/>UniNotes</a>
› <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>
› <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.
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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