When we are studying how a producer fixes the prices of his products we are studying:

Macro Economics

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Micro Economics

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Both (a) & (b)

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None of the above

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Solution

The correct option is A Micro Economics
Micro economics study economics from the view point of an individual point. Product pricing deals with how producer fixes the prices of his products depending on the market forces and thus it is a component of micro economics.

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Similar questions

State the following statements are true or false.
1) Macro-Economics is known as income analysis.
2) Increase in national income is a Micro- Economic goal.
3) Macro-Economic adopts lumping method.
4) Study of price determination is a subject matter of Macro-Economics.
5) Micro-Economics deals with the study of aggregates.
6) National output is an example of macro variable.

Q. We mainly study the following in Macro-Economics:

Q. In micro economics, we study about __________..

Q. We mainly study the following in Micro-Economics:

Q. We mainly study the following in Micro-Economics ____________________.

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When we are studying how a producer fixes the prices of his products we are studying:

The correct option is A Micro EconomicsMicro economics study economics from the view point of an individual point. Product pricing deals with how producer fixes the prices of his products depending on the market forces and thus it is a component of micro economics.

The correct option is A Micro Economics
Micro economics study economics from the view point of an individual point. Product pricing deals with how producer fixes the prices of his products depending on the market forces and thus it is a component of micro economics.