Economics · Theory of Demand
Who systematically developed and popularized the expression and formula of 'Elasticity of Demand' to measure the responsiveness of demand to a change in price?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P. A. Samuelson
- 2J. R. Hicks
- 3Alfred Marshall✓
- 4Adam Smith
Correct answer
Alfred Marshall
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