Multiple Choice
Microeconomists
A) focus on the markets for individual commodities and on the decisions of single economic agents.
B) spend much time analyzing how total income changes, and how changes in income cause changes in other modes of economic behavior.
C) spend a great deal of time and energy investigating how people form their expectations and change them over time.
D) consider the possibility that decision makers might change the quantities they produce before they change the prices they charge.
Correct Answer:
Verified
Correct Answer:
Verified
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