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The law On Demand
did the quantity demanded. Elements of economics of industry. ; Silber, William. (To learn how economic factors are used in currency trading, read. Economic history and theory edit The law of demand was documented as early as 1892 by economist Alfred Marshall.
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15 The model was further developed and popularized by Alfred Marshall in the discuss the impact of the inte 1890 textbook Principles of Economics. John Locke (1691) Some Considerations on the consequences of the Lowering of Interest and the Raising of the Value of Money a b Thomas. So it is important to try and determine whether a price change that is caused by demand will be temporary or permanent. As a result, people will naturally avoid buying a product that will force them to forgo the consumption of something else they value more. Ancillary factors such as material availability, weather and the reliability of supply chains also can affect supply.