The Concept of Say's Law Can Be Summed Up by the Phrase

question 60

Multiple Choice

The concept of Say's law can be summed up by the phrase,

• A) "supply creates its own demand."
• B) "demand creates its own supply."
• C) "supply and demand are equivalent concepts."
• D) "supply and demand are irrelevant concepts."

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Definitions:

Deviant Accomplice

A person who assists in or encourages deviant behavior, diverging from societal norms or standards.

Informational Influence

The process through which individuals change their behavior or beliefs based on the information or evidence presented by others, especially in uncertain situations.

Autokinetic Effect

A visual illusion where a small, stationary point of light in a dark environment appears to move because of involuntary eye movements.

Informational Influence

A social influence that leads individuals to accept information from others as evidence about reality, often leading to internalization or private acceptance.