Question

Micro economics covers the study of ___________.
(i) Consumer's behaviour
(ii) Producer's equilibrium
(iii) Fiscal system of an economy
(iv) Factor pricing

• A. i and ii
• B. ii and iv
• C. i, ii and iii
• D. i, ii and iv

Answer 1

The correct option is D i, ii and iv

Micro economics deals with the individual approach of various parties involved in an economy, i.e, consumer, producer, price, and cost. Therefore, it studies consumer's behaviour, producer's equilibrium, and factor pricing.