Microeconomics focuses on
A) individual decision makers within the economy.
B) the large parts of the economy.
C) changes in national income.
D) satisfying the needs of the economy.

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual decision makers such as consumers, firms, and households within the economy. It examines how they make choices and interact with each other in markets, and how these interactions affect the price and quantity of goods and services.

Microeconomics Focuses on