Discuss Forum
1. Which theory is generally included under micro economics?
- A. Price Theory
- B. Price Theory
- C. Price Theory
- D. Price Theory
Answer: Option A
Explanation:
Microeconomics is often called price theory to emphasize the important role that prices play in determining market outcomes. Microeconomics explains how the actions of all buyers and sellers determine prices and how prices influence the decisions and actions of individual buyers and sellers.
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