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kumpel [21]
3 years ago
5

Economists who study macroeconomics are concerned with all of the following except?

Social Studies
2 answers:
damaskus [11]3 years ago
7 0

Answer:

Economists who study macroeconomics are concerned with all of the following except:

C. The purchase of a single individual.

Explanation:

<em>The macroeconomics</em> is in charge of global economics and the review of the indicators that could affect the different countries and their relationship how the <u>consumer price index</u>, <u>unemployment rate</u>, <u>increase in gross domestic product</u> or <u>interest rate</u> to give you some examples.

Mice21 [21]3 years ago
3 0
C. the purchase of a single individual 
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According to the law of supply, price and quantity move along a track in the same direction.

<h2>Further Explanation</h2><h3>Supply</h3>
  • Supply is the quantity of goods or services that suppliers are willing to supply to the market at a particular price.  
  • Producers and suppliers will supply goods and services at the most favorable market price that id determined by the forces of demand and supply among other factors.
<h3>Law of supply </h3>
  • According to the law of supply, an increase in price of a good or a service results to an increase in the quantity of goods or services that suppliers are willing to supply.
  • Conversely, a decrease in price on the other hand will result to low supply of quantity of goods and services by the suppliers.
  • For example, a manufacturer would supply more bags of cement in the market if the prices of the bags of cement increases keeping other factors are kept constant.
<h3>Supply schedule </h3>
  • Supply schedule outlines the relationship between prices of goods and services and the Quantity of goods and services by producers.
  • Quantity of goods and services supplied by the producers varies with the market price.
  • The supply schedule helps us to come up with a law that we call the law of supply which defined the relationship between price and quantity of goods and services supplied.

Keywords: Supply, law of supply, price and quantity supplied

<h2>Learn more about</h2>
  1. Supply schedule: brainly.com/question/8702937
  2. Law of supply: brainly.com/question/8702937
  3. Price determination: brainly.com/question/2396092
  4. Demand and supply:  brainly.com/question/6749722

Level; High school

Subject: Business

Topic: Demand and supply

Sub-topic: Law of supply

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