Which among the following is an example of micro - economic variable ?

Options

A. National Income
B. Aggregate Supply
C. Employment
D. Consumer 's Equilibrium

Answer

D

Explanation

Consumer.s Equilibrium is related to microeconomics , the study of the behaviour of the individual units (like an individual firm or an individual consumer) of the economy . It refers to the situation when a consumer is having maximum satisfaction with limited income and has no tendency to chnage his way of existing expenditure . The consumer has to pay a price for each unit of the commodity . So , he cannot buy or consume unlimited quantity