CA CPT Exam > CA CPT Questions > Micro economics is also known as—a)Pric...
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Micro economics is also known as—
- a)Price theory
- b)Slicing method
- c)Product theory
- d)Both (a) and (b)
Correct answer is option 'D'. Can you explain this answer?
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Micro economics is also known as—a)Price theoryb)Slicing methodc...
Micro economics is also known as Price theory because it takes into account the demand and supply of individual units and thus aims to determine the price of a product using the factors of production.
It is also called the Slicing method as it is used in Microeconomics. This is because it divides the economy in slices, parts or individual units for the purpose of in-depth study. And hence the name slicing method.
It is also called the Slicing method as it is used in Microeconomics. This is because it divides the economy in slices, parts or individual units for the purpose of in-depth study. And hence the name slicing method.
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Micro economics is also known as—a)Price theoryb)Slicing methodc...
It studies individual part of economy. so it is known as slicing method
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Micro economics is also known as—a)Price theoryb)Slicing methodc)Product theoryd)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?
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