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Solution - Introduction and Features of Micro Economics

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Question

Micro economics studies individual economic unit.

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Meaning and Definition of Micro Economics?

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 Group "A"

 

 Group "B"

(a)

Demand for electricity

(1)

Rent

(b)

Perfectly elastic supply                             

(2)

Transfer income

(c)

Land

(3)

Dear money policy

(d)

Pension

(4)

Composite demand

(e)

Inflation

(5)

Horizontal supply curve

 

 

(6)

Part of national income

 

 

(7)

Vertical supply curve

 

 

(8)

Cheap money policy

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Micro Economics studies behaviours of individual economic unit.

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Features of Micro Economics.

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