PPT - Law of Demand and and Elasticity of Demand CA Foundation Notes | EduRev

Economics for CA CPT

Created by: Aditi Mittal

CA Foundation : PPT - Law of Demand and and Elasticity of Demand CA Foundation Notes | EduRev

 Page 1


CPT Section C General Economics Chapter 2 Unit 1 
CA. Shweta Poojari  
Page 2


CPT Section C General Economics Chapter 2 Unit 1 
CA. Shweta Poojari  
The quantity demanded of any commodity is 
the amount of that commodity, that buyers are 
willing and able to purchase at a given price.  
Page 3


CPT Section C General Economics Chapter 2 Unit 1 
CA. Shweta Poojari  
The quantity demanded of any commodity is 
the amount of that commodity, that buyers are 
willing and able to purchase at a given price.  
Desire 
Ability to Buy 
Willingness to buy 
Therefore, Demand = Desire + Ability to Buy + 
Willingness to Buy 
Page 4


CPT Section C General Economics Chapter 2 Unit 1 
CA. Shweta Poojari  
The quantity demanded of any commodity is 
the amount of that commodity, that buyers are 
willing and able to purchase at a given price.  
Desire 
Ability to Buy 
Willingness to buy 
Therefore, Demand = Desire + Ability to Buy + 
Willingness to Buy 
Or Determinants of Demand 
Page 5


CPT Section C General Economics Chapter 2 Unit 1 
CA. Shweta Poojari  
The quantity demanded of any commodity is 
the amount of that commodity, that buyers are 
willing and able to purchase at a given price.  
Desire 
Ability to Buy 
Willingness to buy 
Therefore, Demand = Desire + Ability to Buy + 
Willingness to Buy 
Or Determinants of Demand 
Price 
Income 
Expectations about future  
Number of Buyers 
Tastes 
Prices of other goods 
Quality 
Supply? 
Read More
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