English

True or False with Reason: The problem of price determination of a product comes under the purview of macroeconomics.

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Question

True or False with Reason:

The problem of price determination of a product comes under the purview of macroeconomics.

True or False
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Solution

This statement is false.

Reason:

  • Price determination of an individual product is a microeconomic issue.
  • Macroeconomics studies aggregates and the economy as a whole.
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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.31]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 1 Introduction
OBJECTIVE QUESTIONS | Q 9. | Page 1.31
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