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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
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B) Place
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C) Time
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D) Possession
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Law of Deminishing Marginal Utility # Law of Equi-Marginal Utility # Law of Demand # Price and Quantity demanded for a product is inversely related.
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Exceptions of Law of Demand # A) Assumption of increase in price.
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B) Status goods or Veblen goods.
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C) Giffen goods.
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D) War.
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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
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B) Place
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C) Time
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D) Possession
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Law of Deminishing Marginal Utility # Law of Equi-Marginal Utility # Law of Demand # Price and Quantity demanded for a product is inversely related.
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Exceptions of Law of Demand # A) Assumption of increase in price.
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B) Status goods or Veblen goods.
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C) Giffen goods.
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D) War.
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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
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C) Time
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D) Possession
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Law of Deminishing Marginal Utility # Law of Equi-Marginal Utility # Law of Demand # Price and Quantity demanded for a product is inversely related.
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Exceptions of Law of Demand # A) Assumption of increase in price.
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B) Status goods or Veblen goods.
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C) Giffen goods.
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D) War.
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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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› <a href=/uninotes/s1/>S1</a>
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› <a href=/uninotes/s1/et-dcm1107/>ET DCM1107</a>
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› <a href=/uninotes/s1/et-dcm1107/unit2/>Unit 2</a>
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› <span>Live</span></nav><div class=uninotes-meta><span class=uninotes-meta__pill>S1</span>
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<span class=uninotes-meta__pill>ET DCM1107</span>
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<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.
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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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