Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes?

Question

Quizplus · Accepted Answer

Microeconomics studies individual behavior and decision-making in markets. The response of consumers to a specific policy, such as a hike in cigarette taxes, would fall under this field of study. Marginal economics refers to the analysis of how changes in the production or consumption of goods or services affect their marginal utility or cost. Macroeconomics studies the performance of the economy at a national or global level, while monetary economics focuses on the role of money and monetary policy in the economy.

Which Broad Field of Economics Would Most Likely Study How