Complete Summary and Solutions for Theory of Consumer Behaviour – NCERT Class XII Economics, Chapter 2 – Utility Analysis, Budget Constraints, Demand Curve, Elasticity

This chapter explains the behavior of an individual consumer in choosing goods based on budget constraints and preferences. It covers Cardinal Utility Analysis and Ordinal Utility Analysis, indifference curves, budget sets, consumer's optimum, demand function, law of demand, market demand, and price elasticity of demand with detailed examples, diagrams, and exercises.

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