Answer to Question #337615 in Microeconomics for Lee

Question #337615

What is microeconomics

1
Expert's answer
2022-05-05T09:33:58-0400

Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners.


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