what is also known as price theory?
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Microeconomics is known as 'price theory'. Microeconomics is also known as "price theory" because of its following characteristics: ... Microeconomics deals with the price mechanism of individual commodities which are determined by market forces of demand and supply.
Answered by
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Explanation:
Microeconomics is known as 'price theory'. Microeconomics is also known as "price theory" because of its following characteristics: ... Microeconomics deals with the price mechanism of individual commodities which are determined by market forces of demand and supply.
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