Question

Microeconomics was Popularised by ______

Options

• Alfred Marshal

• Keynes

• Both Alfred Marshal and Keynes

• None of the above

Answer 1

Microeconomics was Popularised by Alfred Marshal

Explanation:

General equilibrium theory, developed by Leon Walras in Elements of Pure Economics (1874), and partial equilibrium theory, introduced by Alfred Marshall in Principles of Economics, are used in modern microeconomic research (1890).