The primary focus of microeconomics is
A)our government's monetary policy.
B)the levels of employment and inflation.
C)to study how we managed to eliminate scarcity.
D)to examine the behaviour and operation of the individual units or sectors that make up the economy.
E)to examine the operation of the entire (aggregatE)economy.

Question

Quizplus · Accepted Answer

Microeconomics focuses on analyzing and understanding the behavior and decisions of individual firms, households, and markets in the economy. It deals with issues such as pricing, supply and demand, consumer behavior, and market structures. It does not focus on government policies or aggregate measures like unemployment and inflation.

The Primary Focus of Microeconomics Is