The importance of time element in price determination was firstly analyzed by
A)Adam smith
B)Alfred Marshall
C)David Ricardo
D)J M Keynes

Name: The importance of time element in price determination was firstly analyzed by A)Adam smith B)Alfred Marshall C)David Ricardo D)J M Keynes
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Question

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Alfred Marshall was the first to analyze the importance of the time element in price determination, emphasizing how prices adjust over different time periods (short run vs. long run) in his principles of economics.

The Importance of Time Element in Price Determination Was Firstly