Theory of Demand and Supply For SEBI Grade A Exam holds importance in Economics section. This is an easy and scoring topic in Paper 2. Candidates can expect around 4 to 5 questions in the Phase 1 paper. Now, it’s time to begin exam preparation covering scoring topics in the exam. Follow the blog to understand basic concepts related to Theory Of Demand And Supply For SEBI Grade A Exam. PracticeMock launched SEBI Grade A Non Video Course covering Paper 2 Study and Revision Notes. Aspirants get SEBI Grade A Mock Tests For Phase 1 and 2 To Check Your Performance.
Theory Of Demand is what we are willing to buy. All customers demand goods and services. There is an inverse relationship in price and demand. An increase in price causes decrease in demand. Furthermore, decrease in price cause increase in demand. Demand for a Product depends on personal satisfaction of an individual to buy a particular product.
Candidates can take a look at list of factors affecting demand for a particular product or service in the market.
While the law of demand is easy to understand from a consumer’s perspective, to understand the law of supply you need to think from a producer’s perspective. A producer’s desire is to maximize profits.
The law of supply holds that other things being equal, as the price of goods/services rises, its quantity supplied will rise. If the price of goods/services falls, its quantity supplied will decline.
Candidates should follow tips and tricks to memorize topics covered in Theory Of Demand and Supply For SEBI Grade A Exam. We mentioned important tips and tricks effective to do last minute revisions for the exam.
Theory Of Demand and Supply is a scoring topic to achieve marks in Economics paper. Candidates can follow the video getting mentors insight to cover important topics from exam perspective. This video contains explanation on topics Law of Demand.
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