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316

Q:

What else is micro economics called?

  • 1
    Income theory
  • 2
    Principle of investment
  • 3
    Theory of price
  • 4
    Principle of Expenditure
  • Show Answer
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Answer : 3. "Theory of price"
Explanation :

Micro economics is also known as Price theory because it takes into account the demand and supply of individual units and thus aims to determine the price of a product using the factors of production.

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