Demand Theory i.

e how do people behave or the consumer tends to behave when the price The survey on petrol consumption in Science College is basically based on the of the goods and services increases or decreases. In this survey our main focus was on the level of petrol consumed by the consumer and how rise in the price of the petrol effect its demand From the survey we found out the various modes of transport consumer prefer,the distance covered by them from their house to the college..

In this survey our main focus was on the level of petrol consumed by the consumer and how rise in the price of the petrol effect its demand. We came to know about the amount or percentage of their money or income spent on petrol. The survey helped us to know about the most preferred mode of transport and the reason for their preference. The people gave their view,opinion or plan that they will go for or do if the petrol rate increases further in the future.

The survey gave an idea about the behavior of the people and their preferences if there is hike in the price of petrol. Thus,from the survey we can get to know the effect on the demand of the petrol,if its price go high by the consumer.