Microeconomics is concerned with:
A)the aggregate or total levels of income, employment, and output.
B)a detailed examination of specific economic units which comprise the economic system.
C)the concealing of detailed information about specific segments of the economy.
D)the establishing of an overall view of the operation of the economic system.

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual economic units such as consumers, firms, and markets, as opposed to the overall performance of the entire economy (macroeconomics). The study of microeconomics involves analyzing the behavior and decision-making of these specific units, as well as their interactions and effects on prices, quantities, and allocations in the market economy.

Microeconomics Is Concerned With