Question

Key points based on Professor Alfred Marshall's view ??
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Answer 1

Answer:

Alfred Marshall FBA (26 July 1842 – 13 July 1924) was an English economist, who ... Marshall had been Mary Paley's professor of political .

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Answer 2

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Alfred Marshall was the first to develop the standard supply and demand graph demonstrating a number of fundamentals regarding supply and demand including the supply and demand curves, market equilibrium, the relationship between quantity and price in regards to supply and demand, the law of marginal utility, the law ...

In his most important book, Principles of Economics, Marshall emphasized that the price and output of a good are determined by both supply and demand: the two curves are like scissor blades that intersect at equilibrium.