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This content has been created by Mr. Pradeep Nagi.

Principles of consumer behavior. Definitions of the law of demand and its concept of law of demand. Explain the law of demand Due to the action of demand law, price relativity (price elasticity) of demand, methods of measurement of demand price relativity (elasticity), factors affecting price relativity (elasticity) of demand, difference in substitute and complementary items, indifference curve numerical questions.