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Question
To study the impact of rise in the price of edible oils on the demand of edible oil is the concern of ____________.
To study the impact of rise in the price of edible oils on the demand of edible oil is the concern of ____________.
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Solution
The correct option is B microeconomics
To study the impact of rise in the price of
edible oils on the demand of edible oil is the concern of Microeconomics.
Microeconomics is that part of economics which deals with the individual units
of the economy. It takes into account the demand and supply of individual units
and helps in studying the prices of products according to it.
To study the impact of rise in the price of edible oils on the demand of edible oil is the concern of Microeconomics. Microeconomics is that part of economics which deals with the individual units of the economy. It takes into account the demand and supply of individual units and helps in studying the prices of products according to it.
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