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e = 1 correct demand concept; law of demand inverse price-quantity relation elasticity.
Ref: NCERT Economics Class XI Chapter 2 Consumer Behaviour explains demand law elasticity utility indifference curve consumer equilibrium clearly.
Downward slope demand elasticity decreases moving down; upper portion more elastic.
Ref: NCERT Economics Class XI Chapter 2 Consumer Behaviour explains demand law elasticity utility indifference curve consumer equilibrium clearly.
shows that as the price of correct demand concept; law of demand inverse price-quantity relation elasticity.
Ref: NCERT Economics Class XI Chapter 2 Consumer Behaviour explains demand law elasticity utility indifference curve consumer equilibrium clearly.
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