# 5 CONCEPT # OF #ECONOMICS.

·  ·       Circus artister /performers performing in multiple cities /events.

As you know that, circus artisters if continue to performing in the same cities marginal utility get diminished, due to law of marginal utility, in turn artistes get less money for each performance.

·      Lot of unseasonal price fluctuation happen in vegetable

It state the law of demand,As the price increases the ,the demand for the vegetable decreases, and if price decreases , thre demand for the vegetable increases.

·       Why do many young men  and women fancy themselves to participant in beauty contests.

The many young and women fancy themselves to participant in beauty contests.it Signify the TEST AND PREFERENCE, as all consumer choice are influenced by consumer taste.

·      Some hotels offer diverse menu both depth and breath whereas many others offer very few items on their menu.

Some hotels offer diverse menu both depth and breath whereas many other offer very few items on their menu.people face tradeoff and paradox of choice.by using this concept we come to point that every people has different choice.

TO MANY, INDIAN IT INDUSTRY SUCCESS IS ON ACCOUT OF THEIR ABILITY TO OFFER PRODUCTS AT LOW PRICES.

IT STATE THE LAW OF DEMAND,AS IT STATE THAT ON INCREASING THE PRICE OF THE  PRODUCT,THE DEMAND FOR THE QUANTITY DECREASES , AND THE  DECREASES IN THE PRICE INCRESES THE DEMAND FOR THE PRODUCT.