Adam Smith
A) is considered the founder of economics.
B) introduced the concept of ceteris paribus to the discussion of supply and demand.
C) is responsible for refining the model of supply and demand.
D) is the author of this text.

Question

Quizplus · Accepted Answer

Adam Smith is widely considered to be the founder of economics due to his influential book "The Wealth of Nations" which laid out the principles of the market economy and the theory of supply and demand.