Question

What is microeconomics ​

Answer 1

Explanation:

Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.

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Answer 2

Answer:

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Microeconomics is a branch of economics that studies the behaviour of individual units such as households, individuals and enterprises within the economy. ... Microeconomics uses demand and supply as tools of analysis to study the decisions of individual entities in the economy.

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