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Question
Micro Economics is also called as ______.
Options
Income theory
Price theory
Growth theory
Employment theory
MCQ
Fill in the Blanks
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Solution
Micro Economics is also called as Price theory.
Explanation:
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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