Microeconomics focuses on:
A) the workings of the whole economy or large sectors of it.
B) the individual units that make up the whole of the economy.
C) issues such as unemployment and inflation.
D) total output and the general level of prices.

Question

Quizplus · Accepted Answer

Microeconomics deals with the study of individual units such as households, firms, and industries which make up the whole economy. It analyses their behavior and decision-making processes and how they interact with each other.

Microeconomics Focuses On