Question

give two example of microeconomics
please help me
it's urgent!!​

Answer 1

Answer:

Example Of Microeconomics :

• Individual Demand

• Individual Income

Microeconomics :

Economic Theory is classified into 2 Microeconomic Theory and Macroeconomic Theory.

Microeconomics is the study of parts of the economy or Individual units of the economy. Microeconomics Studies the behaviour of a consumer or a producer or the individual prices of a product. It studies the theories of demand, production, cost, the theory of factor pricing, etc.

Some Points Are :

• Unit Of Study - Consumers, Firms, etc

• Method : Partial Equilibrium

• Scope : Simple Micro Unit.

• Objective : To analyse the behaviour of

individual economic units.

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