Which of the following is an example of micro economic study
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Answer:
Some examples of microeconomics include supply, demand, competition, and the prices of items.
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Some examples of microeconomics can be the study of individual firms, a decision of local marketers, a state usage of surplus, and many more.
Explanation:
- Microeconomics refers to the study of individual units and measurements.
- It is the branch of economics that plays a crucial role in the decision-making process.
- It studies the tendencies and choices that individuals and firms are going to have.
- These choices influence the prices, resources, and incentives in an economy.
- Some examples of microeconomics can be the study of individual firms, a decision of local marketers, a state usage of surplus, and many more.
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