NCERT Class XII Economics: Microeconomics – Theory of Consumer Behavior

National Council of Educational Research and Training (NCERT) Book for Class XII
Subject: Economics
Chapter: Microeconomics – Theory of Consumer Behavior

Topics covered in this chapter

  1. The Consumer’s Budget
    1. Budget Set
    2. Budget Line
    3. Changes in the Budget Set
  2. Preferences of the Consumer
    1. Monotonic Preferences
    2. Substitution between Goods
    3. Diminishing Rate of Substitution
    4. Indifference Curve
    5. Shape of the Indifference Curve
    6. Indifference Map
    7. Utility
  3. Optimal Choice of the Consumer
  4. Demand
    1. Demand Curve and the Law of Demand
    2. Normal and Inferior Goods
    3. Substitutes and Complements
    4. Shifts in the Demand Curve
    5. Movements along the Demand Curve and Shifts in the Demand Curve
  5. Market Demand
  6. Elasticity of Demand
    1. Elasticity along a Linear Demand Curve
    2. Factors Determining Price Elasticity of Demand for a Good
    3. Elasticity and Expenditure

Class XII NCERT Economics Text Book Microeconomics  Theory of Consumer Behavior is given below

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