Economy, asked by dasgaonkarramesh15, 4 months ago

microeconomics deals with​

Answers

Answered by MiraculousBabe
20

Answer:

Microeconomic study deals with what choices people make, what factors influence their choices and how their decisions affect the goods markets by affecting the price, the supply and demand.

Explanation:

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Answered by kanthachbh
0

explanation for the answer

Microeconomics is the social science that studies the implications of incentives decision of individual variables like firms, workers, consumers, and investors on how they interact with each other and influence various factors in the market like price of a commodity.

The concept of the price elasticity of demand and how it affects total revenue.The concept of the price elasticity of supply and how it affects total revenue.The concept cross and income elasticity of demand.

(from e net source )

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