Question

Micro economics is a study of the ___________.​

Answer 1

ᴍɪᴄʀᴏᴇᴄᴏɴᴏᴍɪᴄs ɪs ᴛʜᴇ sᴛᴜᴅʏ ᴏғ ɪɴᴅɪᴠɪᴅᴜᴀʟs, ʜᴏᴜsᴇʜᴏʟᴅs ᴀɴᴅ ғɪʀᴍs' ʙᴇʜᴀᴠɪᴏʀ ɪɴ ᴅᴇᴄɪsɪᴏɴ ᴍᴀᴋɪɴɢ ᴀɴᴅ ᴀʟʟᴏᴄᴀᴛɪᴏɴ ᴏғ ʀᴇsᴏᴜʀᴄᴇs. ɪᴛ ɢᴇɴᴇʀᴀʟʟʏ ᴀᴘᴘʟɪᴇs ᴛᴏ ᴍᴀʀᴋᴇᴛs ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴀɴᴅ ᴅᴇᴀʟs ᴡɪᴛʜ ɪɴᴅɪᴠɪᴅᴜᴀʟ ᴀɴᴅ ᴇᴄᴏɴᴏᴍɪᴄ ɪssᴜᴇs.

Answer 2

Answer:

Microeconomics is the study of individual, households and firms in decision making and allocation of resources.