Economy, asked by kuhusingh8590, 10 months ago

Short note on role of time element during price determination under perfet competition market

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Answered by Anonymous
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The Role of Time Element in the Determination of Price! Marshall, who propounded the theory that price is determined by both demand and supply, also gave a great importance to the time element in the determination of price. ... Time is short or long according to the extent to which supply can adjust itself

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