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This video describes about Theory of Consumer Behaviour for UGC NET/JRF economics. In this discussed about
Cardinal Approach to Utility
Total Utility
Marginal Utility
Table and diagram of TU and MU
Relationship between TU and MU
Law of diminishing marginal utility
Ordinal Approach to Utility
Indifference Curve approach
Marginal rate of substitution
Budget line
Consumer equilibrium with indifference curve approach
Concept of Demand
Law of demand
Demand Curve
Types of demand
Exceptional of law of demand
Elasticity of Demand
Kinds of Elasticity of Demand
#economics
#ugcnet
#theoryofconsumerbehaviour