Law of Demand and its exceptions|Theory of Consumer Behavior|Quickest & Easiest Explanation in Hindi

The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.
However, there are some exceptions to the law of demand. These include the Giffen goods, Veblen goods, possible price changes, and essential goods.
What is Demand? In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. What is the relationship between Need, Want, Desire, Demand? What is the difference between Need, Want, Desire, Demand? Does Need, Want, Desire and Demand are synonyms?
Need ज़रुरत
Want इच्छा
Desire ख़्वाहिश
Demand माँग
Demand kya hoti hai? Demand kise kehte hain?
माँग का नियम
Concept of Need Want Desire Demand Hindi 🔥Need Want [ Analysis ] 📚What is The Difference
Theory of Consumer Behaviour
UGC NET
Ph.D
BBA
MBA
B.Com
M.Com
B.Com (Hons)
Class XIth
Class XIIth
Law
Humanities
Social Sciences
Social studies
Engineering
Medical
Sociology
Psychology
Social Work
Statistics
#MicroEconomics
#Law_of_Demand
#Demand
#Exceptions_of_Law_of_Demand
#lastmomentstudy
#lastminutestudy
#ugcnet
#ManagerialEconomics
#Need
#Want
#KnowledgeStairs
#Marketing
#DetailedCourse
Music Credits: Filmstro.com