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

Question

Responses

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

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

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.

Answer 1

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