Which of the following is a statement of Say's Law?
A)Demand creates its own supply.
B)Supply creates its own demand.
C)The costs of production decrease as output increases.
D)The costs of production increase as output increases

Question

Quizplus · Accepted Answer

Say's Law states that supply creates its own demand. This means that the production of goods and services generates income for the producers, which they can use to buy other goods and services, thus creating demand.

Which of the Following Is a Statement of Say's Law