To determine which option exemplifies a microeconomic question, we first need to understand what microeconomics is. Microeconomics focuses on individual agents, such as consumers, households, and firms, and their interactions in specific markets.
Let’s analyze the options:
- a) Is the economy experiencing a decline in the rate of inflation? This question deals with inflation as a broad economic concept affecting the economy as a whole. It is more of a macroeconomic issue since it concerns the overall price level and economic performance.
- b) Is the aggregate output in the economy greater this year than last year? Similar to option A, this question relates to overall economic output, which is a characteristic of macroeconomics. It looks at the big picture of economic performance.
- c) Will a new type of electronic reader or tablet affect the sales of existing models? This question is microeconomic as it focuses on the impact of a specific product on the market and consumer behavior. It examines the effects of a change in a particular product’s introduction on the demand and supply of other similar products.
In conclusion, option c clearly exemplifies a microeconomic question because it addresses the effects of new technology on specific market dynamics.