Asked by Mariah Rodriguez on Jul 02, 2024

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The branch of economics that examines the functioning of individual industries and the behavior of individual decision-making units is

A) positive economics.
B) normative economics.
C) macroeconomics.
D) microeconomics.

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, market equilibriums, and the effect of government regulations.

Individual Industries

Specific sectors of the economy focused on the production of certain types of goods or services.

Decision-Making Units

Groups or individuals within an organization that have the authority and responsibility to make choices that affect organizational outcomes.

  • Contrast microeconomics with macroeconomics, highlighting the differences in their study areas and the inquiries they pursue.
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AH
Aqilah Humaira'7 days ago
Final Answer :
D
Explanation :
Microeconomics focuses on the actions of individuals and industries, like the dynamics of demand and supply, and the determination of prices and quantities in individual markets.