134k views
5 votes
What are the process of microeconomics?

User Shoreki
by
3.2k points

1 Answer

4 votes

Answer:

Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners.

Step-by-step explanation:

User Xxa
by
3.2k points