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43 lines
674 B
Markdown
43 lines
674 B
Markdown
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draft = false
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semester = ['S1']
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subjectcode = ['ET DCM1107']
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unit = 'Unit 2'
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notecategory = 'Live'
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title = 'Unit 2'
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toc = true
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weight = 2
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url = '/uninotes/s1/et-dcm1107/unit2/live/'
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uniturl = '/uninotes/s1/et-dcm1107/unit2/'
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### ***April 12, 2026***
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## Types of Utility
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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
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## Law of Equi-Marginal Utility
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## Law of Demand
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Price and Quantity demanded for a product is inversely related.
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## Exceptions of Law of Demand
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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.
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F) Essential goods.
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