The Idea That Supply Creates Its Own Demand Is Known

question 72

Multiple Choice

The idea that supply creates its own demand is known as

• A)the law of supply.
• B)the law of demand.
• C)Keynes' law.
• D)Say's law.

---

Definitions:

Released

In economic or financial contexts, this term usually refers to information, products, or assets that have been made available to the public or specific markets.

Absorption Costing

In this accounting procedure, the full scope of manufacturing costs, covering direct materials, direct labor, and both kinds of manufacturing overhead—variable and fixed—is accounted for in the product's pricing.

Ending Inventory

The total value of goods available for sale at the end of an accounting period.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted; this contribution covers fixed expenses and generates profit.