Microeconomists
A) focus on the economy as a whole.
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) assume that economic adjustment occurs first through prices that change to balance supply and demand.

Question

Quizplus · Accepted Answer

Microeconomists study individual and business decision-making processes and the allocation of resources. A key principle in microeconomics is the adjustment of prices to balance supply and demand, rather than focusing on the economy as a whole or overall changes in income.