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CPT Chapter Law of Demand and Elasticity of Demand

CA CPT Exam  

With Bharat Galani.Duration:3hrs 50min

Law of Demand and Elasticity of Demand Duration (min:sec)
What is demand?  
{modal;rel=0|width=780|height=439|title=Introduction}Introduction{/modal} 01:07
{modal;rel=0|width=780|height=439|title=What is demand}What is demand{/modal} 05:49
{modal;rel=0|width=780|height=439|title=Definition of demand}Definition of demand{/modal} 08:03
{modal;rel=0|width=780|height=439|title=Summary what is demand}Summary what is demand{/modal} 02:27
{modal;rel=0|width=780|height=439|title=Intro Factor Influencing demand}Intro Factor Influencing demand{/modal} 07:16
{modal;rel=0|width=780|height=439|title=Factor affecting demands}Factor affecting demands{/modal} 13:02
{modal;rel=0|width=780|height=439|title=Summary of Factor affecting demand}Summary of Factor affecting demand{/modal} 02:05
{modal;rel=0|width=780|height=439|title=Types of demand}Types of demand{/modal} 08:34
Demand Curve  
{modal;rel=0|width=780|height=439|title=Demand Curve}Demand Curve{/modal} 09:49
{modal;rel=0|width=780|height=439|title=Why demand curve slopes downward}Why demand curve slopes downward{/modal} 10:57
{modal;rel=0|width=780|height=439|title=Exception to Law of Demand}Exception to Law of Demand{/modal} 10:42
{modal;rel=0|width=780|height=439|title=Summary}Summary{/modal} 01:17
Change in demand vs. Change in Qty demanded  
{modal;rel=0|width=780|height=439|title=Change in Qty demanded & Change in demand}Change in Qty demanded & Change in demand{/modal} 02:04
{modal;rel=0|width=780|height=439|title=Expansion & Contraction of demand}Expansion & Contraction of demand{/modal} 03:20
{modal;rel=0|width=780|height=439|title=Increase & Decrease of demand}Increase & Decrease of demand{/modal} 05:37
{modal;rel=0|width=780|height=439|title=Explanation Expansion & Contraction ,Increase & Decrease in demand}Explanation Expansion & Contraction ,Increase & Decrease in demand{/modal} 06:32
{modal;rel=0|width=780|height=439|title=Change in Qty demanded vs. Change in demand}Change in Qty demanded vs. Change in demand{/modal} 01:18
Elasticity of demand  
{modal;rel=0|width=780|height=439|title=What is Elasticity}What is Elasticity{/modal} 03:00
{modal;rel=0|width=780|height=439|title=Types of Elasticity}Types of Elasticity{/modal} 01:28
Price Elasticity  
{modal;rel=0|width=780|height=439|title=What to Learn in Price Elasticity}What to Learn in Price Elasticity{/modal} 01:16
{modal;rel=0|width=780|height=439|title=How is Elasticity calculated}How is Elasticity calculated{/modal} 08:17
{modal;rel=0|width=780|height=439|title=Point Elasticity}Point Elasticity{/modal} 08:49
{modal;rel=0|width=780|height=439|title=Arc Elasticity}Arc Elasticity{/modal} 04:30
{modal;rel=0|width=780|height=439|title=Total Outlay Method}Total Outlay Method{/modal} 05:47
{modal;rel=0|width=780|height=439|title=Types of Price Elasticity}Types of Price Elasticity{/modal} 12:34
{modal;rel=0|width=780|height=439|title=Interpretation of Numeric Value}Interpretation of Numeric Value{/modal} 10:36
{modal;rel=0|width=780|height=439|title=Numerical Problem}Numerical Problem{/modal} 05:09
{modal;rel=0|width=780|height=439|title=Summary Price Elasticity}Summary Price Elasticity{/modal} 03:14
{modal;rel=0|width=780|height=439|title=Factor affecting Price Elasticity}Factor affecting Price Elasticity{/modal} 18:58
Income Elasticity  
{modal;rel=0|width=780|height=439|title=Income Elasticity}Income Elasticity{/modal} 09:23
{modal;rel=0|width=780|height=439|title=Interpretation of Numeric Value}Interpretation of Numeric Value{/modal} 03:58
{modal;rel=0|width=780|height=439|title=Numerical Problem}Numerical Problem{/modal} 02:19
{modal;rel=0|width=780|height=439|title=Cross Elasticity}Cross Elasticity{/modal} 10:46
{modal;rel=0|width=780|height=439|title=Interpretation of Numeric Value}Interpretation of Numeric Value{/modal} 03:43
{modal;rel=0|width=780|height=439|title=Summary for Elasticity}Summary for Elasticity{/modal} 01:57
{modal;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 06:40
{modal;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 07:27
Total 3:49:50



What is demand?
What influences demand?
Types of demand
Law of demand
Change in Qty demanded vs Change in demand
Elasticity of demand
~Price Elasticity
~Income Elasticity
~Cross Elasticity

What is Demand?

Willingness -Means to purchase
Expressed :
given price
given period of time

What Influence demand ?

price of Product
Price of Related Products
Income of Household
Taste & Preference of Consumer
Other factors

Law of Demand
Inverse relationship between price and quantity demanded.
other things being equal, if the price of a commodity falls, the quantity demanded of it will rise and if the price of a commodity rises, its quantity demanded will decline.

Why Demand Curve Slopes Downward

Cost-Utility matching
Income Effect
Substitution Effect
Arrival of new consumers
Multiple uses

Exception to the Law of Demand

Conspicuous Goods
Giffen’s Goods
Conspicuous necessities
Future expectation about price
Speculative goods
Irrational Purchases


Law of Demand
Demand Curve
Slope of Demand Curve
Exceptions to Law of Demand

Elasticity of Demand

Price Elasticity
Income Elasticity
Cross Elasticity

Types of Price Elasticity

Perfectly Inelastic
Relatively Inelastic
Unitary Elasticity
Relatively elastic
Perfectly elastic

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