Final answer:
Microcytic, hypochromic anemia is the term used to describe anemia that is both microcytic and hypochromic.
Step-by-step explanation:
The term used to describe a type of anemia that is both microcytic and hypochromic is Microcytic, hypochromic anemia. Microcytic anemia refers to the smaller-than-normal size of red blood cells, while hypochromic anemia refers to the lower-than-normal levels of hemoglobin in the red blood cells, making them paler in color.