Microeconomics: Introduction · Class 11 · CBSE · Commerce Economics
Which investigation is an example of microeconomic analysis?
Practice question from Microeconomics: Introduction (Class 11 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
hard · MCQ · Q-DCF630
Which investigation is an example of microeconomic analysis?
- A.Studying the factors responsible for a rise in the overall unemployment rate of a country
- B.Examining how a rise in the price of electricity affects the output decision of a particular textile firmCorrect answer
- C.Analysing changes in the general price level of an economy
- D.Estimating the national income growth rate over a decade
Solution
Microeconomics studies the behaviour and decisions of individual consumers, firms, and particular markets. The output decision of one textile firm is therefore a microeconomic issue, whereas the other options concern the economy as a whole.
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