Download or read book Basic Concepts of Demand and Production - for the Beginners written by Dr. Gulnawaz Usmani and published by Idea Publishing. This book was released on 2020-06-01 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an attempt to present the basic concept of demand and production. This book covers all the theoretical concepts of Demand and Production. The book is written and designed for undergraduate students. Book covers all the concepts of demand and production which helps a lot for the students in getting complete knowledge. In the book we examine the behavior of demand curve, effect of elasticity of demand curve on demand pattern of buyers, consumer equilibrium. Production techniques and Concepts of product as average product, marginal product, total product are also well defined in the book.