💡Microeconomics = how individuals and businesses make economic choices. 🕵️‍♂️

Imagine you're at the supermarket, choosing between a generic cheap brand and the organic brand of oranges. 🍊

Maybe because of inflation, you think the organic brand is too expensive, and choose the generic. ☺️

The choices you make at the supermarket are just like microeconomics.

You factor in supply, demand, and opportunity cost. 😱

Businesses also make microeconomic decisions, like how many products to produce. 🏭

They have to consider costs, pricing, competition, and consumer behavior. 📊

Microeconomics also helps us understand how prices are set in markets. 💲

Businesses are affected by supply and demand and have to make choices on their prices because of it. 💵

So, from buying a candy bar to running a multinational company, microeconomics is at play! 🍫💼