h of the following illustrates what happens when supply and demand work as they should, according to Adam Smith? (1 point)

Question

Responses

Consumers make companies create new types of products.
Consumers make companies create new types of products.

Companies make more of a product even though few people buy it.
Companies make more of a product even though few people buy it.

There is enough supply of a given product to meet consumer demands.
There is enough supply of a given product to meet consumer demands.

Governments open new factories to meet demand for goods.
Governments open new factories to meet demand for goods.

Answer 1

The correct response is:

There is enough supply of a given product to meet consumer demands.

This illustrates how supply and demand work effectively according to Adam Smith's principles of a free market, where the market adjusts to ensure that the quantity supplied meets the quantity demanded.