[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-28706":3,"doc-seo-28706":26},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"file_id":15,"file_url":16,"file_type":17,"file_size":18,"view_count":4,"is_deleted":4,"is_public":19,"is_downloadable":19,"audit_status":19,"page_count":20,"language":21,"language_code":22,"table_of_contents":23,"faqs":23,"seo_title":13,"seo_description":14,"update_tm":24,"read_time":25},28706,4398048950312,"Violet","https://ap-avatar.wpscdn.com/avatar/400002538284de19e3c?_k=1778320343897328908",4,"Exam","Chapter 2 Business Economics","Chapter 2 “Theory of Demand and Supply” in Business Economics presents core consumer-demand concepts for CA Foundation learners. It explains wants, utility, and the cardinal approach using total and marginal utility, including the law of diminishing marginal utility and its exceptions such as hobbies, abnormal persons, and indivisible goods with a caution about later-stage changes. It develops consumer equilibrium for single and two products, deriving how price changes alter quantity through marginal utility–price equality and linking equilibrium to the downward sloping demand curve. It also states assumptions and limitations for applying the law of diminishing marginal utility, including homogenous and standard units of consumption.","cbCaijhbFKHIThT1","https://ap.wps.com/l/cbCaijhbFKHIThT1","pdf",7610347,1,54,"English","en","",1778280322,136,{"code":4,"msg":27,"data":28},"ok",{"site_id":29,"language":22,"slug":30,"title":13,"keywords":23,"description":14,"schema_data":31,"social_meta":64,"head_meta":66,"extra_data":68,"updated_unix":24},105,"chapter-2-business-economics",{"@graph":32,"@context":63},[33,49],{"@type":34,"itemListElement":35},"BreadcrumbList",[36,40,44,47],{"item":37,"name":38,"@type":39,"position":19},"https://docshare.wps.com","Home","ListItem",{"item":41,"name":42,"@type":39,"position":43},"https://docshare.wps.com/document/","Document",2,{"item":45,"name":12,"@type":39,"position":46},"https://docshare.wps.com/document/exam/",3,{"item":48,"name":13,"@type":39,"position":11},"https://docshare.wps.com/document/chapter-2-business-economics/28706",{"url":48,"name":13,"@type":50,"author":51,"headline":13,"publisher":53,"fileFormat":56,"description":14,"dateModified":57,"datePublished":57,"encodingFormat":56,"isAccessibleForFree":58,"interactionStatistic":59},"DigitalDocument",{"name":9,"@type":52},"Person",{"url":37,"name":54,"@type":55},"DocShare","Organization","application/pdf","2026-05-08",true,{"@type":60,"interactionType":61,"userInteractionCount":4},"InteractionCounter",{"@type":62},"ViewAction","https://schema.org",{"og:url":48,"og:type":65,"og:title":13,"og:site_name":54,"og:description":14},"article",{"robots":67,"canonical":48},"index,follow",{"doc_id":7,"site_id":29}]