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Question

What among the following does not come under microeconomics?

A
Product pricing
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B
Factor pricing
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C
General price level
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D
Study of firms
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Solution

The correct option is D General price level
Micro economics studies economics from the view point of an individual unit. General price level is related to the prices of most of the commodity in a nation at a certain period of time. Therefore, it is not a micro variable. It is a macro variable since it includes the study of economics as a whole.

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