![Sample our Economics, Finance,Business & Industry journals, sign in here to start your access, latest two full volumes FREE to you for 14 days]({"type":"image" , "src" : "/sda/5931/TOC-Subject-Sample-2021-Economics-Finance-Business-Industry.jpg"})
Abstract
Alfred Marshall hypothesized that retail prices fluctuate less than wholesale prices. This paper presents statistical evidence that supports Marshall's hypothesis. The results from various statistical tests of retail and wholesale prices show that for many goods the variances of retail prices are significantly smaller than the variances of wholesale prices.