Who introduced the concept of Elasticity of Demand into economic theory?

A. Alfred Marshal

B. Adam Smith

C. Karl Marx

D. George Stigler

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  1. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  2. The Chamberline model recognizes mutual:
  3. In economist the term invisible hand is refers to:
  4. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  5. Theory of revealed preference is based on:
  6. The largest possible loss that a firm will make in the short run is:
  7. At the shut-down point in perfect competition:
  8. According to Marshallian approach, utility:
  9. The nominal income of a consumer is income in terms of:
  10. Increasing returns is not caused by:
  11. The factors of production in perfect competition are:
  12. In dominant strategies I am doing the best, I can no matter:
  13. Each firm in cournot model can:
  14. The main contribution of Prof.Robbins is in the field of:
  15. In monopolistic competition, the firms face:
  16. Regarding economic decisions, economics of uncertainty identifies:
  17. A mixed economy is characterized by the coexistence of:
  18. Firms average and marginal revenues are equal under:
  19. Which of the following is not an explicit cost of production?
  20. Supply and demand changes have their most rapid impact in:
  21. In collusive olligopoly, the firms may make:
  22. In perfect cartel, the:
  23. According to Marginalists, the price of any commodity is determined by:
  24. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  25. Supply of a commodity refers to:
  26. The difference between accounting profits and economic profits is:
  27. Iso-product curve (isoquant) shows:
  28. Law of Substitution in production was presented by:
  29. Airlines that try to lower fares in order to increase revenues believe that demand for airline services…
  30. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by: