Which of the following is a microeconomic question?
A)How much will be saved and how much will be produced in the entire economy?
B)What will the level of economic growth be in the entire economy?
C)What factors determine the price of carrots?
D)What determines the average price level and inflation?

Question

Quizplus · Accepted Answer

The question "What factors determine the price of carrots?" is a microeconomic question because it pertains to the specific market for carrots and how supply and demand factors affect the price. The other choices are macroeconomic questions because they deal with the overall performance and behavior of the entire economy.

Which of the Following Is a Microeconomic Question