The study of how consumers and producers interact in individual markets is
A) macroeconomics
B) labor economics
C) microeconomics
D) econometrics
E) development economics

Question

Quizplus · Accepted Answer

The study of consumer and producer behavior in individual markets is the main focus of microeconomics. Macroecomics looks at the broader economy as a whole, while labor economics focuses specifically on the labor market. Econometrics is the application of statistical methods to economic data, and development economics focuses on issues related to economic growth and development in developing countries.

The Study of How Consumers and Producers Interact in Individual