The study of the economic choices made by individual consumers or businesses is called _____.
A) macroeconomics
B) federal economics
C) system economics
D) microeconomics

Question

Quizplus · Accepted Answer

Microeconomics is focused on the behavior and decision making of individual consumers and businesses. This includes analyzing factors such as supply and demand, pricing strategies, and production processes at a smaller scale. A, B, and C are not correct because they refer to broader areas of economics such as the economy as a whole, government policies, and economic systems.

The Study of the Economic Choices Made by Individual Consumers