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Chapter 2 of the CA Foundation Business Economics Notes focuses on the Theory of Demand and Supply, explaining the concept of demand as an effective desire for a commodity backed by the ability and willingness to pay. It outlines various determinants of demand, including price, income, tastes, and external factors, and discusses the Law of Demand, which states that demand varies inversely with price. Additionally, the chapter addresses exceptions to the Law of Demand, such as Giffen goods and conspicuous go

Author

harshitavinodsharma

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EN