Economy, asked by surajmishra52, 3 months ago

Give two examples of microeconomics studies​

Answers

Answered by ashishc1403
3

the two examples of micro economic studies:

1) (i) Study of consumer behaviour: consumer equilibrium and law of demand

2) Study of producer behaviour: producer equilibrium and law of supply.

hope this helped you mate : )

Answered by ridhimakh1219
0

Microeconomics studies​:

Explanation:

  • Microeconomics is a part of conventional economics that investigates how individuals and firms make decisions about the distribution of scarce resources, as well as the relationships between them.  Microeconomics is concerned with the study of specific marketplaces, sectors, or industries rather than the entire national economy, which is the subject of macroeconomics.
  • Individual factors are studied in microeconomics. Because the study of larger factors and the overall economy is part of the study of macroeconomics, only tiny factors are taken into account when undertaking any microeconomics study.
  • Macroeconomics deals with things like unemployment, inflation, interest rates, and GDP. Microeconomics includes concepts such as consumer equilibrium, individualsavings, and earnings .
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