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Question

Wages, rent, supply curve, etc. are studied under which branch of economics?

A
Macroeconomics
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B
Microeconomics
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C
Wealth economics
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D
Monetary economics
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Solution

The correct option is B Microeconomics

Micro economics deals with the study of economics from the view point of an individual unit and the study of individual variables and their relation with each other which influence the market. Wages, rent, supply curve - all are individual variables and thus are studied under micro economics.


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