Question

Which of the following is an example of micro economic study

Answer 1

Answer:

Some examples of microeconomics include supply, demand, competition, and the prices of items.

Explanation:

Answer 2

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.