"Supply creates its own demand" is known as
A)Keynes' Rule.
B)the circular flow.
C)Smith's law.
D)Say's law.

Question

Quizplus · Accepted Answer

"Supply creates its own demand" is a statement of Say's law, named after French economist Jean-Baptiste Say. According to Say's law, the act of producing goods and services creates income, which in turn enables individuals to purchase goods and services, thereby producing a natural equilibrium between supply and demand in the economy.

"Supply Creates Its Own Demand" Is Known as