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GarryVolchara [31]
4 years ago
3

The interaction of supply and demand between individual producers and consumers is studied within

History
2 answers:
LuckyWell [14K]4 years ago
7 0

The interaction of supply and demand between individual producers and consumers is studied within  <u>microeconomics</u>

In microeconomics, the point at which supply and demand meet is called the <u>equilibrium price </u>

In macroeconomics, to study the aggregate means to study<u> total supply and demand</u>

<u></u>

Explanation:

  • A basic definition of microeconomics is the study of how an individual, whether it is a single person or business, decides how to allocate resources, and the interaction that occurs between those individuals or businesses.
  • Most people are introduced to microeconomics through the study of scarce resources, money prices, and the supply and demand of goods and services.
  • The equilibrium price is the price at which the quantity demanded equals the quantity supplied.
  • Graphically, it is the point at which the two curves intersect. Mathematically, it can be found by setting the demand and supply curves equal to one another and solving for price.
  • Aggregate supply is the total amount of goods and services that firms are willing to sell at a given price in an economy. The aggregate demand is the total amounts of goods and services that will be purchased at all possible price levels.
defon4 years ago
4 0

Answer:

B.  microeconomics

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