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Identify if the following is studied under microeconomics or macroeconomics: i. The flood in agricultural areas has tremendously increased the price and quantity of vegetables.

Identify if the following is studied under microeconomics or macroeconomics:

i. The flood in agricultural areas has tremendously increased the price and quantity

of vegetables.

ii. The impact of a war in the Middle East on Malaysian inflation rate.

iii. The degree of competition in the automobile industry.

iv. Perfectly competitive firms pay the highest wages to workers and employ the

most number of workers.

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