what is first assumption in microeconomics?
Answers
Answered by
0
Answer:
Assumptions are initial conditions made before a micro or macroeconomic analysis is built. Sometimes assumptions are used for simplification. Assumptions can be used to isolate the effects of a change in one variable on another.
Answered by
0
Explanation:
the first assumption made is that the buyers and sellers in each Market are so numerous and independent that is a price taker and not a price maker .
Similar questions