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______ deals with how consumers or the producers make decisions depending on their given budget -

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Question

______ deals with how consumers or the producers make decisions depending on their given budget. 

Options

  • Microeconomics

  • Macroeconomics

  • Both microeconomics and macroeconomics

  • None of the above

MCQ
Fill in the Blanks

Solution

Microeconomics deals with how consumers or producers make decisions depending on their given budget.

Explanation:

It is concerned with how customers or producers make decisions based on their budget and other factors.

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Components of Budget
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