Microeconomics is concerned with issues such as
A)The demand for bottled water by individuals.
B)The level of inflation in the economy.
C)Maintaining a strong level of economic growth.
D)All of the choices are correct.

Question

Quizplus · Accepted Answer

Microeconomics is the study of the economic behavior of individuals, households, and firms and how they make decisions regarding the allocation of resources. Therefore, the demand for bottled water by individuals is an example of a microeconomic issue. Inflation and economic growth, on the other hand, are macroeconomic issues as they pertain to the overall performance of the economy as a whole.

Microeconomics Is Concerned with Issues Such as