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Which economist compared demand and supply to two blades of a pair of scissors?
Wiki User
∙ 12y ago
Alfred marshall
Wiki User
∙ 12y ago
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When an economist says that the demand for a product has increased this means that?
When an economist says that the demand for a product has increased this means that
Do economist classify demand curves according to their elasticity?
yes, they do.
What does it mean when an economist says a consumer has demand for a good or service?
false
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
What do economist call a situation in which consumers buy a different quantity then they did before at every price?
a change in demand
Did Adam Smith Alfred Marshall or Karl Marx compare demand and supply to two blades of a pair of scissors?
Marshall
When an economist says that the demand for a product has increased this means that?
When an economist says that the demand for a product has increased this means that
What is a model for an economist?
supply and demand
Do economist classify demand curves according to their elasticity?
yes, they do.
What does it mean when an economist says a consumer has demand for a good or service?
false
The economist John Maynard Keynes argued that?
That unemployment came not from overproduction, but from a decline in demand.
Who was the economist was the main promoted the use of demand management techniques to control the economy?
Adam Smith
What did economist Adam Smith argue about regulation of business activity in a free market?
Supply and demand
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
What do economist call a situation in which consumers buy a different quantity then they did before at every price?
a change in demand
What social scientist is most concern with analyzing the relationship between supply of and demand for goods and service?
an economist
What are the roles and responsibilities of a business economist?
A business economist may also be called a business development manager or business planner. The role and responsibilities of a business economist include keeping track of changing consumer preferences, product demand, and the availability of resources or constraints on those resources.
