State the following statements are true or false. 4) Study of price determination is a subject matter of Macro-Economics.

State the following statements are true or false.

4) Study of price determination is a subject matter of Macro-Economics.

ANSWER:

False

Explanation:



The statement is incorrect, as price determination is the subject matter of microeconomics. Microeconomics studies how prices are determined in both the commodity and factor markets based on the demand and supply analysis.

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