Introductory Microeconomics

Theory of Consumer BehaviourClass 12 Introductory Microeconomics notes, NCERT solutions, MCQs, case studies & practice

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Notes & Summary

NCERT Solutions

26 solutions
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Important Points

17 points

Flashcards

21 flashcards
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Practice Questions

45 questions

MCQs

25 MCQs

Assertion-Reasoning

20 questions

Case Studies

10 case studies
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Theory of Consumer Behaviour at a glanceClass 12 Introductory Microeconomics: summary and topics

In economics, we study how people make choices. For an individual consumer, the main challenge is deciding how to spend their limited income on various goods and services to get the most satisfaction possible. This is called the problem of choice.

Topics in this chapter

  1. 01Preliminary Notations and Assumptions
  2. 02Utility
  3. 03Cardinal Utility Analysis
  4. 04Ordinal Utility Analysis
  5. 05The Consumer's Budget
  6. 06Budget Set and Budget Line
  7. 07Changes in the Budget Set
  8. 08Optimal Choice of the Consumer
  9. 09Demand
  10. 10Demand Curve and the Law of Demand
  11. 11Normal and Inferior Goods
  12. 12Substitutes and Complements
Theory of Consumer Behaviour notesAll 26 NCERT solutions

Frequently asked questionsWhat students ask about Theory of Consumer Behaviour

How many NCERT questions are there in Theory of Consumer Behaviour?
Theory of Consumer Behaviour has 26 questions in its NCERT textbook exercises. Every one is solved step by step on Kedovo's NCERT Solutions page for this chapter.
What topics does Theory of Consumer Behaviour cover?
Theory of Consumer Behaviour covers Preliminary Notations and Assumptions, Utility, Cardinal Utility Analysis, Ordinal Utility Analysis, The Consumer's Budget and Budget Set and Budget Line, among other topics.
Can I study Theory of Consumer Behaviour on Kedovo for free?
Yes. The chapter notes are free to read in full, with no account. A free Kedovo account opens the complete NCERT solutions and flashcards, plus free practice questions and sample MCQ, assertion and reason and case study questions. Without an account you can still try the first few of each.