What are the types of microeconomic?

Answer 1

Micro means a small part . Microeconomec thus denete the study of small individual . Microecomomic can be divided into three major types they are as fallow:

1. Simpke Micro statics:- Simple micro stastic analysis studies a set of micro-economic variable and their relation when they are in equilibrium at a given point of a time. It does not explain how the equilibrium has been brought .

Equilibrium position is attained when demand and supply forces to equal to each other but simple micro stastics can be

Answer 2

Generally micro economics are of three types:

1) Micro static analysis

2) Comparative micro static analysis

3) Micro dynamic analysis