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Which of the following would be strictly a microeconomic topic?
  • a)
    a general rise in interest rates
  • b)
    a drop in inflation
  • c)
    an increase in total production in India
  • d)
    an increase in the price of TATA Nano
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following would be strictly a microeconomic topic?a)a gen...
Microeconomics studies economic problems relating to individual economic units like a consumer, or a producer. An increase in the price of TATA Nano is related to an individual unit, which makes it a microeconomics topic.
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Which of the following would be strictly a microeconomic topic?a)a general rise in interest ratesb)a drop in inflationc)an increase in total production in Indiad)an increase in the price of TATA NanoCorrect answer is option 'D'. Can you explain this answer?
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