07-05-2014, 12:52 PM
Theory of Demand
![Microsoft PowerPoint 2007 Document .pptx](https://seminarproject.net/images/attachtypes/ppt.gif)
Exceptions to the Law Of Demand
Luxurious / Prestigious Goods
Giffen Goods
Ignorance
Future expectation of Prices.
Reasons for Downward sloping Demand curve
Law of Diminishing Marginal Utility
Consumer’s Equilibrium
Real Income Effect
Substitution effect