Which theory is generally included under microeconomics?
a) Price theory
b) Income theory
c) Employment theory
d) Trade theory
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Answer:
a) Price Theory
Explanation:
Price theory, also known as microeconomics, is concerned with the economic behaviour or individual consumers, producers, and resource owners. It explains the production, allocation, consumption and pricing of goods and services.
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Price Theory is generally included under microeconomics.
Option A is correct
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