Microeconomics: The Logic of Choice · Microeconomics

Consumer Equilibrium and Demand

Studying how consumers allocate limited income among competing goods and services.

Key Questions

  1. 1What trade-offs does a consumer face when prices of essential goods rise?
  2. 2How do changes in income shift the incentives for buying luxury versus necessity goods?
  3. 3What happens to consumer sovereignty in the face of aggressive advertising?

CBSE Learning Outcomes

CBSE: Consumer's Equilibrium and Demand - Class 11
Class: Class 11
Subject: Economics
Unit: Microeconomics: The Logic of Choice
Period: Microeconomics

Suggested Methodologies

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