463,348 views
5 votes
5 votes
Why is Alfred Marshall important to the study of economics?

User Hicham
by
3.4k points

1 Answer

16 votes
16 votes

Answer:

Marshall was an important part of the "marginalist revolution;" the idea that consumers attempt to adjust consumption until marginal utility equals the price was another of his contributions. The price elasticity of demand was presented by Marshall as an extension of these ideas.

Step-by-step explanation:

User Jack Frost
by
2.7k points