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Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...
The book was discussed before its publication for the large advance Mankiw received for it from its publisher Harcourt [3] and has sold over a million copies over its lifetime, generating Mankiw at least $42 million. [4] After criticism about the price from students Mankiw decided to donate the textbook royalties from his students to charity. [5]