Economic Concepts and Terminologies
Quick practice
Question 1 of 5
Consider the following statements.
Statement I: Microeconomic study relates to an individual unit or part of the economy.
Statement II: Microeconomics focus on production, Consumption, Supply – Demand.
Choose the correct option given below:
A
Both statements I & II are correct
B
Statement II alone correct
C
Statement I alone correct
D
Both statements I & II are false
Concepts
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