Q.2 State with the reason the following Statement true or fals1. Price theory is a base of Micro Economics Analysis
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Answer:
FALSE
Explanation:
because the price theory is fully based on the SUPPLY and DEMAND theory.
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The theory of price is an economic theory that states that the price for any specific good or service is based on the relationship between its supply and demand. The theory of price posits that the point at which the benefit gained from those who demand the entity meets the seller's marginal costs is the most optimal market price for that good or service.
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