Which of the following is a microeconomics 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 about the factors that determine the price of carrots is a microeconomics question because it focuses on how the market for a specific good (carrots) operates and how individual consumer and producer behavior affects that market. The other questions are macroeconomics questions because they deal with the economy as a whole rather than individual markets.

Which of the Following Is a Microeconomics Question