which economist compared demand and supply to two of pair of scissors?

1 ⤊

which economist compared demand and supply to two of pair of scissors?

@Adam smith
b@ALFRED MARSHALL
C@THOMAS MALTHUS
D@KARL MARX

2007-12-27 04:25:38 · 2 answers · asked by aaronlubuva 1 in Social Science ➔ Economics

2 answers

Alfred Marshall.

You could have eliminated all of the others if you recalled that Marshall's scissors analogy was based on Leon Walras' highly mathematical representation of supply-demand equilibrium and that Walras' book "Elements of Pure Economics", was published in 1873. Out of all scholars listed, only Marx and Marshall were alive in 1873. Marx wasn't known to have interest in either demand theory or calculus, which leaves Marshall as the only plausible option...

2007-12-27 04:47:55 · answer #1 · answered by NC 7 · 1⤊ 0⤋

Alfred Marshall

2007-12-27 04:31:12 · answer #2 · answered by Hazel D 2 · 0⤊ 0⤋