Microeconomics focuses on
A)individual decision makers.
B)consumer decisions on small expenses.
C)changes in national income.
D)satisfying the needs of the economy.

Question

Quizplus · Accepted Answer

Microeconomics deals with individual economic units such as households, firms, and industries. It studies their behavior, allocation of resources, and the impact of government policies on them. Therefore, it focuses on individual decision makers rather than national income, needs of the economy, or consumer decisions on small expenses.

Microeconomics Focuses on