Principles of Microeconomics, 2nd Edition (Sample Chapter)

Is the ‘surge pricing’ used by rideshare apps a form of price gouging or simply the market system at work? Why does the Justice Department sue to block the merger of certain companies? Why are tariffs on foreign goods considered a tax on U.S. consumers? Principles of Microeconomics benefits from an active learning approach that asks students to think like economists. With engaging in-chapter assessments, interactive gradable graphing exercises, and features that connect concepts to the real world, this text showcases how and why individuals, companies, industries, and governments choose their actions.