Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:
Which of the following is an example of a variable under microeconomics?
Options:
National income
Aggregate demand
Market demand
Wholesale prices
Correct Answer:
Market demand
Explanation:
Market demand is studied in microeconomics. Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics.