Question

We mainly study the following in Micro-Economics -
(1) Product pricing
(2) Consumer behaviour
(3) Factor pricing.
Select the correct answer from the options given below-

• A. 1
• B. 2
• C. 3
• D. All of the above

Answer 1

The correct option is D All of the above

Micro economics deals in the study of individual variables that influence the market. So how consumers behave for a commodity, how price of a commodity changes due to market demand and supply, and how these change in price leads to increase or decrease in the cost of production in the main aspect of microeconomics.