Which topic is not studied in microeconomics?[1]A Economic growthB Monopoly and competitionC Price elasticity of supplyD Production possibility curves

Break Down the Problem

1. Identify the topics listed in the options provided.
2. Determine which topic is primarily associated with macroeconomics rather than microeconomics.

Relevant Concepts

1. Microeconomics focuses on individual consumers and businesses, examining their behavior, decisions, and interactions.
2. Macroeconomics deals with aggregate economic phenomena, such as growth, inflation, and national income.

Analysis and Detail

1. A - Economic Growth: This topic is primarily studied in macroeconomics, focusing on the overall economy's ability to produce goods and services over time.
2. B - Monopoly and Competition: This subject is central to microeconomics as it involves specific markets and the behavior of firms.
3. C - Price Elasticity of Supply: This topic deals with the responsiveness of supply to price changes, a key concept in microeconomic theory.
4. D - Production Possibility Curves: This concept exemplifies trade-offs and opportunity costs, crucial in microeconomic analysis.

Verify and Summarize

After evaluating the options, it is clear that "Economic growth" is the only topic that does not belong to the realm of microeconomics.

Final Answer

A Economic growth is not studied in microeconomics.