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4 May, 19:44

The analysis of the behavior of individual decision-making units is the definition of

A) microeconomics.

B) positive economics.

C) macroeconomics.

D) normative economics.

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Answers (2)
  1. 4 May, 20:05
    0
    Answer : A) Microeconomics
  2. 4 May, 20:09
    0
    The answer is microeconomics (option A)

    Explanation:

    Microeconomics can be simply defined as the branch of economics which studies the behavior of businesses and individuals with respect to how they make decisions based on the availability of scarce or limited resources.

    In other words, it is the branch of economics that studies the behavior of individuals & businesses and the decisions they make due to the availability of scarce or limited resources.

    The study analyzes how the behaviors and decisions made affect the supply and demand of goods and services which in turn affects price.
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