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प्रश्न
What is the main idea of Marshall’s scissors analogy in price determination?
पर्याय
Only demand determines price in the market
Only supply determines price in the market
Both demand and supply together determine price
Price is independent of demand and supply
MCQ
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उत्तर
Both demand and supply together determine price
Explanation:
Marshall compared demand and supply to the two blades of a pair of scissors, showing that both are jointly responsible for determining the equilibrium price.
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