Maharashtra State Board course HSC Science (General) 12th Board Exam
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Write Whether the Following Statement is True Or False:Price Theory is the Base of Micro Economic Analysis. - Economics

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Question

Write whether the following statement is True or False:

Price theory is the base of micro economic analysis.

Solution

True. price theory is the base of micro economic analysis.
Explanation:
Micro economics deals with the behaviour of individual units such as individual consumers, individual sellers, etc. It takes into account the determination of prices of commodities and factors of production. Thus, the price theory is said to be the basis of micro economic analysis.

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APPEARS IN

 2012-2013 (March) (with solutions)
Question 1.2.1 | 1.00 mark
Solution Write Whether the Following Statement is True Or False:Price Theory is the Base of Micro Economic Analysis. Concept: Micro Economics - Price Theory.
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