The classical theory that states that 'supply creates its own demand' was developed by:
A) Adam Smith.
B) John Keynes.
C) Jean-Baptiste Say.
D) Richard Say.

Question

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The classical theory that 'supply creates its own demand' was developed by Jean-Baptiste Say, a French economist who lived from 1767 to 1832. This idea was later challenged by John Keynes, who argued that demand creates its own supply. Adam Smith is known for his work on the division of labor and the theory of the invisible hand, while Richard Say is not a well-known economist.

The Classical Theory That States That 'Supply Creates Its Own