Question

(1) Explain the features of microeconomics.​

Answer 1

Answer:

Microeconomics is a study that basically focuses on the behaviour of individual units such as individual consumers and producer. ... Partial equilibrium - Microeconomics uses a partial equilibrium approach. The equilibrium points are identified assuming “other things remain constant” (ceteris paribus).

Explanation:

hope it's USEFUL ❤️..

Answer 2

The features of Microeconomics are:

• It is concerned with the study of individual units in the economy.

• Micro economic analysis involves product pricing, factor pricing and theory of welfare.

• Assumption of "Ceteris Paribus" is always made in every micro economic theory.

Hope it helps U✌️✌️✌️✌️...