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Class 11 Micro Economics: Demand

Chapter 3: Demand — learn the meaning of demand, its determinants, the demand function and schedule, the law of demand, movements and shifts in the demand curve, and related goods. CBSE Class 11 Microeconomics notes covering 6 topics: Meaning of Demand, Determinants of Individual and Market Demand, Demand Function Schedule and Curve, Law of Demand, Movement Along and Shift in Demand Curve, and Related Goods and Kinds of Demand.

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Topics(6)

1

Meaning of Demand: Desire, Want & Demand

Understanding the meaning of demand in economics, the distinction between desire, want and demand. CBSE Class 11 Microeconomics notes

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2

Determinants of Individual & Market Demand

Factors affecting individual demand and market demand. CBSE Class 11 Microeconomics notes

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3

Demand Function, Schedule & Curve

Mathematical function, tabular schedule, and graphical curve of demand. CBSE Class 11 Microeconomics notes

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4

Law of Demand

Statement, assumptions, derivation, reasons, and exceptions to the Law of Demand. CBSE Class 11 Microeconomics notes

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5

Movement Along & Shift in Demand Curve

Distinction between movement along and shift in the demand curve. CBSE Class 11 Microeconomics notes

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6

Related Goods & Kinds of Demand

Substitute and complementary goods, normal/inferior/necessity goods, and the 9 kinds of demand. CBSE Class 11 Microeconomics notes

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