Which of the following questions is a topic that would be studied by microeconomics?
A) Why did production and the number of jobs shrink in 2009?
B) Will the current budget deficit affect the well-being of the next generation?
C) How will a lower price of digital cameras affect the quantity of cameras sold?
D) What is the current unemployment rate in the United States?

Question

Quizplus · Accepted Answer

Microeconomics focuses on the actions of individuals and industries, like the dynamics of supply and demand, price, and output levels for specific markets. The question about how a lower price of digital cameras affects the quantity sold directly relates to these principles, making it a microeconomic topic.

Which of the Following Questions Is a Topic That Would