Microeconomics deals primarily with:
A)comparative statics, general equilibrium and positive economics
B)comparative statics, partial equilibrium and normative economics
C)dynamics, partial equilibrium and positive economics
D)comparative statics, partial equilibrium and positive economics.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. It often involves comparative statics (comparing economic outcomes before and after changes in some underlying parameter), partial equilibrium analysis (examining the equilibrium in a single market in isolation), and positive economics (describing and explaining economic phenomena as they are, rather than how they should be).

Microeconomics Deals Primarily With