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Which of the following is a microeconomics question? A. How much will be saved and how...

Which of the following is a microeconomics question? A. How much will be saved and how much will be produced in the entire economy? B. What will the level of economic growth be in the entire economy? C. What factors determine the price of carrots? D. What determines the average price level and inflation?

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Microeconomics question is a question that is focused on a particular or an individual matter and not on the entire economy. Option A says about the total savings and production of the entire economy. In the same way, option B also talks about the level of economic growth of the entire economy. Option D again emphasises on the overall inflation rate and the average price level in he economy. Option C focuses only on the factors affecting the price of carrots and not on any statistics that is related to the entire nation. The price of the carrots affects an individual directly. So we can say that it is a microeconomics question. So, option C is the correct answer.

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