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AlekseyPX
3 years ago
10

Potential subject of microeconomics

Social Studies
1 answer:
Daniel [21]3 years ago
5 0

Microeconomics deal with various subjects they are demand, supply, production, elasticity, market etc.

Explanation:

Microeconomics is a branch of economics that deals with the behavior of an individual and a firm , it also deals with how resources will be allocated. Microeconomics deal with demand and and supply of goods , production of goods and its elasticity, market as well as the labor market.

Microeconomics help in economic analysis , it tells how the free market will work as well as it describes how the resources will be allocated so that there will be optimal utilization of resources.

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