Q .3 Identify and explain the concepts given illustrations 1) Gauri collected the information about the income of a particular firm
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Gauri is collecting information regarding the financial behavior and working of the individual unit. It is concept that comes under the study of microeconomics. Explanation: Microeconomics is study of individual firms and the income generated by the firm.
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It comes under microeconomics as only study of a single unit i.e firm
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