Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> With reference to Microeconomics select the correct alternative

1) Microeconomics deals with general prices of goods and services of the country
2) Microeconomics deals with individual rather than aggregate in economy.

• A. Only 1
• B. Only 2
• C. 1 and 2 only
• D. Neither 1 nor 2

Answer 1

The correct option is B Only 2

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Microeconomics deals with prices and production in single markets. Microeconomics deals with individual demand and supply while Macroeconomics deals with Aggregate Demand and Supply.