"Supply creates its own demand" implies that
A) the very act of supplying a particular level of goods and services necessarily equals the level of goods and services demanded.
B) the very act of demanding a particular level of goods and services necessarily equals the level of goods and services supplied.
C) the government will buy up any surplus of goods and services in a country to avoid economic problems.
D) the very act of supplying a particular level of goods and services will not necessarily equal the level of goods and services demanded.

Question

Quizplus · Accepted Answer

This statement is a simplification of Say's Law, which posits that the production of goods and services creates a demand for those goods and services in the economy, assuming that the goods are of value and priced appropriately.

"Supply Creates Its Own Demand" Implies That