Scribd Logo
Upload

Welcome to Scribd!

  • 851 views

    Chapter 2 - LC ABM - AE12-Ie-h-4 - Demand

    Uploaded by

    Glaiza Dalayoan Flores
    The document discusses the law of demand, which states that as the price of a good increases, consumer demand for that good decreases, assuming all other factors remain constant. It explains that consumers have limited incomes and will allocate their spending in a way that maximizes their satisfaction. The document also outlines some exceptions to the law of demand, including necessities, Giffen goods, and Veblen goods.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Chapter 2 - LC ABM - AE12-Ie-h-4 - Demand

    Uploaded by

    Glaiza Dalayoan Flores
    851 views12 pages
    The document discusses the law of demand, which states that as the price of a good increases, consumer demand for that good decreases, assuming all other factors remain constant. It explains that consumers have limited incomes and will allocate their spending in a way that maximizes their satisfaction. The document also outlines some exceptions to the law of demand, including necessities, Giffen goods, and Veblen goods.

    Original Description:

    Original Title

    Chapter 2 - LC ABM_AE12-Ie-h-4_Demand

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses the law of demand, which states that as the price of a good increases, consumer demand for that good decreases, assuming all other factors remain constant. It explains that consumers have limited incomes and will allocate their spending in a way that maximizes their satisfaction. The document also outlines some exceptions to the law of demand, including necessities, Giffen goods, and Veblen goods.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    851 views12 pages

    Chapter 2 - LC ABM - AE12-Ie-h-4 - Demand

    Uploaded by

    Glaiza Dalayoan Flores
    The document discusses the law of demand, which states that as the price of a good increases, consumer demand for that good decreases, assuming all other factors remain constant. It explains that consumers have limited incomes and will allocate their spending in a way that maximizes their satisfaction. The document also outlines some exceptions to the law of demand, including necessities, Giffen goods, and Veblen goods.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 12

    Applied Economics

    Chapter 2 - LC ABM_AE12-Ie-h-4

    Presented to:
    MS. Glaiza D. Flores

    MTOT – ABM Class A


    LAW OF DEMAND

    MTOT - ABM Class A Applied Economics


    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics
    MTOT - ABM Class A Applied Economics

    You might also like