The sub-discipline of economics that focuses especially on individual markets is:
A) normative economics.
B) positive economics.
C) microeconomics.
D) macroeconomics.
E) econometrics.

Question

Quizplus · Accepted Answer

Microeconomics is the branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms in specific markets. It focuses on the supply and demand of specific goods and services, prices, and the distribution of income among the producers and consumers.

The Sub-Discipline of Economics That Focuses Especially on Individual Markets