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Ques:What is Microeconomics?
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Microeconomics is the science of how people make decisions at the small scale. It is different from macroeconomics which looks at how the economy works as a whole ("on aggregate"). ... Some parts ofmicroeconomics include Consumer Theory and Theory of the Firm, which study how people and businesses make decisions.
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Explanation:
microeconomics is a branch of economics that studies about the behaviour of individuals and firms in making a decision
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