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    Question

    Price theory is also known as

    _________?
    A Macro Economics Correct Answer Incorrect Answer
    B Global Economics Correct Answer Incorrect Answer
    C Multilateral Economics Correct Answer Incorrect Answer
    D Micro Economics Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production.

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