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Effects of an Open Economy

Which of the ...

Question

Which of the following deals with microeconomies analysis?

A

General price level

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B

General supply

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C

Market demand

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D

Consumer demand

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Solution

The correct option is D Consumer demand
Consumer demand refers to the demand of an individual and hence is micro economic level of analysis. Market demand refers to the demand which is aggregate demand of number of individuals in the market while price level and general supply and general price level refers to the aggregate price and supply for number of individuals.

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