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

Question

Responses

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

Governments open new factories to meet demand for goods.

Answer 1

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