Tag: Economics assignment

Microeconomic Laws of Demand and Supply

$2.99 EsssaysECONeconomicsEconomics assignment

In this chapter we introduce the “Laws” of demand and supply. But we must recognize that economics is not an exact science. As Alfred Marshall (Principles of Economics: An Introductory Volume, 1890) explained: “The laws of economics are to be compared with the laws of the tides, rather than with the simple and exact law of gravitation. For the actions of men are so various