Answer :
The topic is more likely to be studied in microeconomics is the effects of advertising on the pricing of used cars and an increase in consumer income on demand for laptops, meanwhile the effect of a large government budget deficit on the economy's price level is studied in macroeconomics.
Here is the point out of the macroeconomics and microeconomics:
1. The effect of a large government budget deficit on the economy's price level: This topic would more likely be studied in macroeconomics, as it deals with the overall economy and factors affecting the general price level.
2. The effects of advertising on the pricing of used cars: This topic would more likely be studied in microeconomics, as it focuses on a specific market (used cars) and the factors that influence pricing within that market, such as advertising.
3. The effect of an increase in consumer income on demand for laptops: This topic would also more likely be studied in microeconomics, as it deals with the relationship between consumer income and demand for a specific product (laptops).
In summary, macroeconomics studies the overall economy, while microeconomics focuses on individual markets and products.
Therefore, the correct option for each topic is as follows:
1. "The effect of a large government budget deficit on the economy's price level": Macroeconomics.
2. "The effects of advertising on the pricing of used cars" and "The effect of an increase in consumer income on demand for laptops": Microeconomics
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