Synopsis
How prices reflect value in everyday markets
This introduction explains why people buy, how goods have value beyond their price, and how scarcity shapes choices.
It shows how demand responds to price changes and why some goods behave differently than others as prices move.
Drawing on foundational ideas about utility and significance, the text connects consumer behavior to price determination, explains the role of money in markets, and lays out core concepts that underlie how markets allocate resources in a free economy.
- Clear explanations of demand, supply, and price interactions for everyday goods
- The ideas behind diminishing utility and diminishing significance as quantities grow
- How indivisible goods can affect purchasing decisions and prices
- Connections between individual choices and general market outcomes
Ideal for readers new to economics or anyone needing a grounded, accessible overview of basic market principles.
"synopsis" may belong to another edition of this title.
Other Popular Editions of the Same Title
Search results for Principles of Economics (Classic Reprint)
Stock Image
Principles of Economics (Classic Reprint)
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780265371008
Stock Image
Principles of Economics (Classic Reprint)
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780265371008
Buy New
US$ 45.34
US$ 7.85 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: 15 available