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Fill in the Blank with Appropriate Alternative Given Below. Micro Economics is Also Called as ________________. - Economics

MCQ
Fill in the Blanks

Fill in the blank with appropriate alternative given below.

Micro Economics is also called as ________________. 

Options

  • Income theory

  • Price theory

  • Growth theory

  • Employment theory

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Solution

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.

Concept: Introduction and Features of Micro Economics
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Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 1 Introduction to Micro Economics
Exercise | Q 1.3 | Page 6
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