Supply and demand analysis is used
A) only in microeconomics.
B) only in macroeconomics.
C) in both microeconomics and macroeconomics.
D) in neither microeconomics nor macroeconomics.

Question

Quizplus · Accepted Answer

Supply and demand analysis is a fundamental concept in both microeconomics and macroeconomics. It is used to analyze the behavior of individual consumers, firms and markets (microeconomics), as well as the behavior of the entire economy, including factors such as unemployment, inflation, and gross domestic product (macroeconomics).

Supply and Demand Analysis Is Used