Category: Micro

Consumer’s Equilibrium: Interplay of Budget Line and Indifference Curve

Shraddha Bajracharya Micro January 12, 2018 No Comments

Principle of Marginal Rate of Substitution

Indifference Curve Analysis: Concept, Assumption and Properties

Income Elasticity of Demand: Definition and Types with Examples

Law of Supply : Assumptions, Exceptions and Limitations

Law of Diminishing Marginal Utility: Assumptions and Exceptions

Use of Cross Elasticity of Demand in Business Decision Making

Effect of Government Intervention

Concept of Utility: Cardinal and Ordinal