Which of the following would be studied by microeconomists? A) price

QUESTION

Which of the following would be studied by microeconomists?

A) price setting by the Middle East oil cartel
B) sales of movie tickets vs. home theater systems
C) U.S. consumer sentiment figures
D) valuation of the Chinese currency
E) financial health of eurozone countries

ANSWER

Answer: B
Explanation: B) Microeconomics studies individual economic units such as particular groups of people, businesses, organizations, and markets.