Fill in the blank with appropriate alternative given below.
Micro Economics is also called as ________________.
Micro Economics is also called as Price theory. Microeconomics is also known as the price theory. We know that in Microeconomics we study the behaviour of individual economic units such as the producer and the consumer. Through the study of such behaviour the main focus is the determination of prices (commodities and factor prices) in the market.
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- Introduction and Features of Micro Economics