Multiple Choice
Which of the following statements is NOT true about Say's law?
A) Desired expenditures will equal actual expenditures.
B) Surpluses will be eliminated by falling prices and shortages will be eliminated by increasing prices.
C) People produce more goods than they want for their own use only if they seek to trade them for other goods.
D) Markets would be regularly hit by severe shortages and surpluses.
Correct Answer:
Verified
Correct Answer:
Verified
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