Microeconomics is the study of the economic interactions between producers and their suppliers. Consumers and the government Con

Question

Ugo [173]

3 years ago

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Microeconomics is the study of the economic interactions between producers and their suppliers. Consumers and the government Con

sumers and producers Producers and the government

Business

2 answers:

ella [17] · Answer 1 · 2022-07-09T12:16:59+03:00

Microeconomics is the study of the economic interactions between "consumers and producers".

Microeconomics is the social science that reviews the implications of individual human activity, particularly about how those choices influence the usage and appropriation of rare assets. Microeconomics indicates how and why diverse merchandise have distinctive qualities, how people make more proficient or more beneficial choices, and how people best facilitate and participate with each other. As a rule, microeconomics is viewed as a more total, progressed and settled science than macroeconomics.

LekaFEV [45] · Answer 2 · 2022-07-09T14:42:13+03:00

The correct answer is consumers and producers.

Further Explanation:

Microeconomics:

Microeconomics refers to the economic interactions between the consumers and the producers and on a small scale. Microeconomics is different from macroeconomics. Whereas macroeconomics deals with the economy as an aggregate but microeconomics examines an individual supply or individual demand. Microeconomics deals with the theory of consumer and firm theory and study about the decision of the people and the businesses.

Justification for the correct and incorrect answer:

Producers and their suppliers: This is an incorrect answer.

Microeconomics studies the behavior of both the consumer and the producer, not only the producers and their suppliers.

Consumers and the government: This is an incorrect answer.

Microeconomics studies the behavior of both the consumer and the producer, not only the consumers and the government.

Consumers and producers: This is the correct answer.

Microeconomics studies the behavior of both the consumer and the producer.

Producers and the government: This is an incorrect answer.

Microeconomics studies the behavior of both the consumer and the producer, not only the producers and the government.

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Answer Details:

Grade: High School

Chapter: Introduction to microeconomics

Subject: Microeconomics

Keywords:

Microeconomics is the study of the economic interactions between producers and their suppliers, consumers, and the government, consumers and producers, producers and the government.