Match the following stages:
List 1 List 2
A. Increase in demand 1. Exception to the law of demand
B. Giffen goods 2. Shift in the demand curve
C. Contraction of demand 3. Movement along the demand curve
Codes:
A B C
1 3 2
2 3 1
2 1 3
1 2 3
Theory of Demand
Demand Function
Elasticity of Demand
Laws of Utility Analysis
Consumer's Equilibrium
Indifference Curve Analysis
Theory of Costs
Perfect Competition
Monopoly
Oligopoly
Pricing Strategies
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