Which of the following is associated with microeconomics?
A) An increase in sales for a chain of pet supply stores.
B) A decrease in the unemployment rate for the nation.
C) An increase in the inflation rate for the entire economy.
D) A decrease in the level of economic growth for the country.

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual economic units like households, firms, and industries. An increase in sales for a chain of pet supply stores refers to the performance of a specific firm or industry, which falls under the scope of microeconomics. Therefore, option A is associated with microeconomics. The other options are related to broader economic concepts and macroeconomics.

Which of the Following Is Associated with Microeconomics