Scribd Logo
Upload

Welcome to Scribd!

  • 17 views

    Buying Behavior

    Uploaded by

    Neha Singh
    People have unlimited wants but limited resources and time, so they fulfill their needs first before wants in order to derive maximum utility. Necessary items whose purchase cannot be postponed, such as food and shelter, are prioritized over more optional comfort items. Once needs are met, people may then fulfill wants and comforts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Buying Behavior

    Uploaded by

    Neha Singh
    17 views5 pages
    People have unlimited wants but limited resources and time, so they fulfill their needs first before wants in order to derive maximum utility. Necessary items whose purchase cannot be postponed, such as food and shelter, are prioritized over more optional comfort items. Once needs are met, people may then fulfill wants and comforts.

    Original Description:

    INFORMATION ABOUT ECONOMIC

    Original Title

    me (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    People have unlimited wants but limited resources and time, so they fulfill their needs first before wants in order to derive maximum utility. Necessary items whose purchase cannot be postponed, such as food and shelter, are prioritized over more optional comfort items. Once needs are met, people may then fulfill wants and comforts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    17 views5 pages

    Buying Behavior

    Uploaded by

    Neha Singh
    People have unlimited wants but limited resources and time, so they fulfill their needs first before wants in order to derive maximum utility. Necessary items whose purchase cannot be postponed, such as food and shelter, are prioritized over more optional comfort items. Once needs are met, people may then fulfill wants and comforts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 5

    BUYING BEHAVIOR

    People have unlimited wants but


    limited source and time.
    People fulfil needs first and derive
    maximum utility.
    Those needs will be fulfilled first
    requirement of which cannot be
    postponded.
    Comforts are fulfilled after fulfilling
    needs.

    First Day - whose need cannot be postponded.

    MU

    MU
    quantity
    x

    Law of demand will not be applicable

    Second Day necessary but whose


    purchase was postponded the very first day.

    y
    MU
    MU

    x
    quantity

    You might also like