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What is Macroeconomics ?
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes national, regional, and global economies.
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User: Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.

User: Summarize microeconomics and macroeconomics principles.

User: What is Macroeconomics ?

Weegy: Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes national, regional, and global economies.
patmarone|Points 6077|

User: What are Microeconomics?

Weegy: Hi, how can I help you?
cimrie|Points 1569|

User: What are Microeconomics?

Weegy: Hi, how can I help you?
cimrie|Points 1569|

User: What is Microeconomics?

Weegy: Hi, how can I help you?
cimrie|Points 1569|

User: What are Microeconomics?





Weegy: Microeconomics. The branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households.
Expert answered|migzptz|Points 6508|

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Asked 8/31/2012 9:27:38 AM
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Weegy: Price elasticity, or people?s sensitivity to price changes, affects the demand for products. Think about a pair of sweatpants with an elastic waist. [ [ You can stretch an elastic waistband like the one in sweatpants, but it?s much more difficult to stretch the waistband of a pair of dress slacks. Elasticity refers to the amount of stretch or change. For example, the waistband of sweatpants may stretch if you pull on it. Similarly, the ... (More)
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Asked 9/3/2012 6:06:00 PM
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How can the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? User: How can the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? User: When decieding to lower a two bedroom apartment rent, explain how the price elasticity of demand affects a consumer’s purchasing and the firm’s pricing strategy.
Weegy: Price elasticity, or people’s sensitivity to price changes, affects the demand for products. Think about a pair of sweatpants with an elastic waist. [ You can stretch an elastic waistband like the one in sweatpants, but it’s much more difficult to stretch the waistband of a pair of dress slacks. Elasticity refers to the amount of stretch or change. For example, the waistband of sweatpants may stretch if you pull on it. Similarly, the ... (More)
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Asked 9/3/2012 5:49:16 PM
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