Economy, asked by k8108992017, 4 months ago

Micro Economics theories are based on certain assumptions Give Reason

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Answered by rambabu82285

Answer:

Microeconomic theories are based on assumptions like "ceterius paribus", which means "other things being constant" because it deals with partial equilibrium analysis. Partial equilibrium analysis studies the effect of one variable upon the other without considering the effect of other factors.

Answered by Anonymous

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