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प्रश्न
Write whether the following statement is True or False:
Price theory is the base of micro economic analysis.
उत्तर
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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संबंधित प्रश्न
Give reason or explain the following statement:
Micro economics is also known as price theory.
Fill in the blanks with appropriate alternatives given in the bracket.
If the price of the inferior goods falls, the demand for them will ________.
Do you agree with the following statement? Give reason.
Micro Economics is known as income theory.
Complete the correlation:
Macro Economics : ______ :: Micro Economics : Price theory.
Complete the correlation:
Macro economic theory : Income and employment : : Micro economics : ______
