Microeconomics is the study of .

Question

Quizplus · Accepted Answer

Microeconomics primarily deals with the choices made by individuals and businesses, such as their decision-making process, pricing strategies, and allocation of resources. It does not focus on the national or global economy as a whole, but instead on specific market dynamics and how they affect individuals and firms. Option A and C are inaccurate as macroeconomics study national and global economy as a whole, while option B is too broad and does not specify the subject matter of microeconomics.

Microeconomics Is the Study of