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  • January 30, 2022
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Theory of Consumer Demand

15. Revealed Preference Approach | Derivation of Demand curve using Revealed Preference | Derivation of Indifference curve using Revealed Preference|

Topic Discussed:

  1. Revealed Preference : Theory
  2. Assumptions
  3. Revealed Preference Axiom
  4. Derivation of Indifference Curve

16. Elasticity of Demand and its relation with the Slope of Demand Curve (IES 2011, 2015, 2017, 2019)

Topic Discussed

  • Elasticity of Demand and Supply
  • Price Elasticity of Demand
  • Arc Elasticity
  • Problems in using Arc Elasticity
  • Point Elasticity of Linear Demand Curve
  • Constant Elasticity Demand Curves
  • Elasticity of Demand Curves Parallel to each other
  • Elasticity of two intersecting Demand Curves
  • Elasticity with Different Slopes of Demand Curves

Past Year Questions Discussed

Q 2(a) IES 2017

Q 2(b) IES 2017

Q 3 IES 2011/ 1(b) 2015/ 2019

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