Microeconomists
A) focus on the markets for individual commodities and on the decisions of single economic agents.
B) spend much time analyzing how total income changes, and how changes in income cause changes in other modes of economic behavior.
C) spend a great deal of time and energy investigating how people form their expectations and change them over time.
D) consider the possibility that decision makers might change the quantities they produce before they change the prices they charge.

Question

Quizplus · Accepted Answer

Microeconomists concentrate on the behavior of individual markets and the decisions made by single entities, such as consumers or firms, rather than on the economy as a whole or on aggregate economic variables.