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#cfa-level #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
microeconomics classifies private economic units into two groups: consumers (or households) and firms.
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1. INTRODUCTION
and the cost to the seller of that unit. In private enterprise market economies, which are the chief concern of investment analysts, demand and supply analysis encompasses the most basic set of microeconomic tools. Traditionally, <span>microeconomics classifies private economic units into two groups: consumers (or households) and firms. These two groups give rise, respectively, to the theory of the consumer and theory of the firm as two branches of study. The theory of the consumer deals with consumption (the deman


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