Reasons for Law of demand and its Limitations lecture 14
Автор: MM Coaching
Загружено: 2026-01-17
Просмотров: 13
📉 Reasons for Law of Demand & Its Limitations | Economics Explained
Why does demand fall when price rises? 🤔
Why doesn’t the Law of Demand work in every situation?
In this video, we explain the Reasons for the Law of Demand and its Limitations in a simple, logical, and exam-oriented manner with clear examples. This topic is very important for school exams, board exams, and competitive exams 📚
🔹 Reasons for Law of Demand:
✔ Diminishing marginal utility
✔ Income effect
✔ Substitution effect
✔ Change in purchasing power
✔ Multiple uses of goods
🔹 Limitations of Law of Demand:
❌ Giffen goods
❌ Prestige goods
❌ Ignorance of consumers
❌ Change in fashion
❌ Emergency situations
👉 Watch till the end to understand where the law applies and where it fails.
👍 Like | 🔁 Share | 🔔 Subscribe for more Economics made easy
#LawOfDemand #ReasonsForLawOfDemand #LimitationsOfLawOfDemand #MicroEconomics #EconomicsVideo #CommerceStudents #EconomicsConcepts #ExamPreparation #Demand #LearnEconomics
Доступные форматы для скачивания:
Скачать видео mp4
-
Информация по загрузке:
