This book covers the scope and sequence of most introductory microeconomics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concept. This book provides clear, accurate coverage of advanced microeconomic concepts while illustrating how theory applies to practical situations. This book is useful for undergraduate as well as postgraduate students of economics, commerce, marketing, management, finance, banking and for everybody interested in microeconomics.