Question

which of the following illustrates what happens when supply and demand work as they should according to adam smith
a governments open new factories to meet demand for goods
b companies make more of a product even though few people buy it
c consumers make companies create new types of products
d there is enough supply of a given product to meet customer demands

Answer 1

The option that best illustrates what happens when supply and demand work as they should according to Adam Smith is:

**d) There is enough supply of a given product to meet customer demands.**

This outcome reflects the ideal balance between supply and demand, where the quantity of goods supplied aligns with the quantity demanded by consumers, leading to market equilibrium.