How are the following three questions related: 1) Do all demand curves slope downward? 2) How do wages affect labor supply? 3) How do interest rates affect household saving?
A)They all relate to macroeconomics.
B)They all relate to monetary economics.
C)They all relate to the theory of consumer choice.
D)They are not related to each other in any way.

Question

Quizplus · Accepted Answer

All three questions relate to microeconomics and the theory of consumer choice. The first question is about the relationship between price and quantity demanded, while the second and third questions are about how individual decision-making is affected by changes in wages and interest rates, respectively. These topics fall under the branch of economics known as microeconomics, and specifically relate to the study of consumer behavior.

How Are the Following Three Questions Related: 1) Do All