Correct option is C
The correct answer is: (C) Consumer Behavior
Explanation:
Microeconomics is the branch of economics that studies individual units of an economy, such as consumers, firms, and markets.
It focuses on how individuals make decisions regarding consumption, production, and allocation of resources.
Consumer behavior is a key aspect of microeconomics, as it analyzes how consumers make purchasing decisions based on price, income, and preferences.
Information Booster:
Consumer Behavior (how individuals make purchasing choices).
Demand and Supply (market forces that determine prices).
Price Determination (how prices are set in markets).
Market Structures (perfect competition, monopoly, etc.).
Production and Costs (how firms produce goods efficiently).
Knowledge Booster :
Income: Part of Macroeconomics, which studies national income, GDP, and economic growth.
- Employment: A Macroeconomic concern, as it deals with unemployment rates, labor markets, and economic policies.
- Policy Formulation: Primarily falls under Macroeconomics, as it involves government decisions on taxation, monetary policy, and economic regulations.
English
30 Questions
30 Marks
27 Mins
