24.
ive gained
Which of the following is an example of microeconomics?
(a) National income
(b) Income and employment
(c) Price of a commodity
(d) Price level

Question

03-06-2024
Business

Answered

24.
ive gained
Which of the following is an example of microeconomics?
(a) National income
(b) Income and employment
(c) Price of a commodity
(d) Price level

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-03T11:39:20-04:00

Final answer:

Microeconomics involves the analysis of individual economic agents and their decision-making. An example of this is the study of the price of commodities.

Explanation:

Microeconomics focuses on individual economic agents such as households and firms making decisions regarding resource allocation and pricing of goods and services. An example of microeconomics is the price of a commodity, which reflects the interaction between supply and demand for that specific product.

Learn more about Microeconomics here:

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24.ive gainedWhich of the following is an example of microeconomics?(a) National income(b) Income and employment(c) Price of a commodity(d) Price level

Answer :

Final answer:

Explanation:

Learn more about Microeconomics here:

Other Questions

24.
ive gained
Which of the following is an example of microeconomics?
(a) National income
(b) Income and employment
(c) Price of a commodity
(d) Price level