Microeconomics is that stream of Economics that is concerned with the decision-making of individuals and firms as a whole. It is a concept on a shorter scale of the economy and is concerned with decision-making to deal with scarce resources to allocate funds. To be exact, it deals with decision-making in the buying and selling of goods as well as services on the basis of a single market or individual. The three chief concepts you must be thorough with if you are dealing with Microeconomics are the elasticity of demand, the marginal utility of demand and elasticity of supply. So, if you are willing to pursue the study of Microeconomics, we advise you to look for Microeconomics help.

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