Nneka just graduated with a degree in economics. She has accepted her first job and will be responsible for researching how the price of different forms of dairy goods impacts how much people buy when grocery shopping. Nneka is most likely working in the field of
A) microeconomics.
B) perfect competition economics.
C) scarcity economics.
D) macroeconomics.
E) resource development economics.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, and the factors that influence the choices made by consumers. Nneka's research on how the price of dairy goods impacts consumer purchasing behavior falls squarely within the realm of microeconomics, as it deals with individual market segments and consumer responses to price changes.

Nneka Just Graduated with a Degree in Economics