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Developed the Theory of Price?

The Theory of Price refers to the economic concept that prices are determined by the intersection of supply and demand. It was developed by economists such as Adam Smith and Alfred Marshall, who emphasized how market forces interact to establish the equilibrium price. The theory also explores how factors like production costs, consumer preferences, and competition influence pricing in a market economy.


In 1776 Adam Smith developed which theory?

Adam Smith developed the theory of classical capitalism.


Who developed the first scientific theory?

john dalton developed the atomic theory , which he published in 1803


Who developed a theory of eugenics in the late nineteenth century?

Francis Galton developed the theory of Eugenics


What instrument was necessary before cell theory was developed?

The instrument that was necessary for Cell Theory to be developed is the microscope.


Who developed the story of realativity?

Albert Einstein developed the theory of relativity. He first proposed the special theory of relativity in 1905 and later developed the general theory of relativity in 1915. These theories revolutionized our understanding of space, time, and gravity.


Which scientist developed the geocentric theory?

The Geocentric Theory was developed by Greek astronomers. The theory was that celestial bodies moved around Earth in circular paths.


What is the Difference between price theory and income theory?

Price theory can be referred to as Micro economics and income as Macro.


Who developed the theory of evulution by natural selction?

British scientist Charles Darwin (1809-1882) developed the theory of evolution (the theory that living organisms developed slowly over long periods of time).


What is the name of Einstein's theory he developed in 1905?

The theory is called the Special Theory of Relativity.


Who developed the first scientific atomic theory?

john dalton developed the atomic theory , which he published in 1803


Who developed the big band theory?

No such thing as the big band theory