Role of Time Element in Price Determination

Who gave the concept of time element in price determination? Professor Marshall has explained the importance role of time elements in price determination. The supply of a commodity cannot be…

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Role of Time Element in Price Determination

General Theory of Price Determination

In an open competitive market, it is the interaction between demand and supply that tends to determine price and quantity. This can be shown by bringing together demand and supply.…

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General Theory of Price Determination