MCQ
True or False
State the following statement is true or false.
Study of price determination is a subject matter of Macro-Economics.
Options
True
False
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Solution
False
Explanation:
The statement is incorrect, as price determination is the subject matter of microeconomics. Microeconomics studies how prices are determined in both the commodity and factor markets based on the demand and supply analysis.
Concept: Allocation of Resource and Economic Variable
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