Which economist is credited with originating the use of supply and demand analysis?
A) Vernon Smith
B) Adam Smith
C) Alfred Marshall
D) John Maynard Keynes

Question

Quizplus · Accepted Answer

Alfred Marshall is credited with originating the use of supply and demand analysis in his book Principles of Economics, published in 1890. While Adam Smith is considered the father of modern economics, he did not explicitly use the concepts of supply and demand analysis in his writings. Vernon Smith is a Nobel laureate known for his work in experimental economics and the study of market behavior. John Maynard Keynes is known for his theories on macroeconomics and government intervention in the economy, but did not originate supply and demand analysis.

Which Economist Is Credited with Originating the Use of Supply