To explain adjustment to changes in supply or demand over time, Marshall introduced the market period, the short period and the long period

From http://www.economicsdiscussion.net/economics-2/alfred-marshall/top-14-contributions-of-alfred-marshall-to-economics/21044

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.