The price of milk would be of particular interest to
A) a microeconomist.
B) a macroeconomist.
C) neither a microeconomist nor a macroeconomist.
D) both a microeconomist and a macroeconomist.

Question

Quizplus · Accepted Answer

The price of milk is a specific market-level concern, which is the focus of microeconomics. A microeconomist would be interested in analyzing the supply and demand factors affecting the price of milk in a particular region or market. On the other hand, macroeconomics deals with the broader issues of the economy, such as inflation, GDP, and unemployment rates that affect the overall performance of the economy, rather than just one specific market.

The Price of Milk Would Be of Particular Interest to