For a job interview to be an advisor to the newly elected administration. The interviewer ask the following question: "Do you think that the COVID-19 has a Microeconomic impact on the US Economy"? If yes or no, what is your opinoin

 

Yes, COVID-19 has a microeconomic impact on the US economy.

Step-by-step explanation

This is prominent in the behavior of the sellers and buyers during the pandemic. The households adjusted their allocation of their budget, as they spend more on the basic necessities such as food, water, and shelter. Lesser amount has been spent on leisure and travel. For the sellers, the price of their products have declined due to the decrease in demand brought about by the lockdown in many areas.