Price Theory and Applications

This seventh edition is designed for undergraduate courses in intermediate microeconomics. There are over a hundred extended boxed examples on news-making subjects such as monopoly control of inventions, the effect of pension plans on savings, air bags effects on auto safety, the UK National Lottery, Internet auctions such as E-bay, use of lab experiments in economics, and fads in television programming. Almost every chapter contains several worked numerical examples with many answers appearing at the back of the book. The web support has also been updated.