"Supply Creates Its Own Demand" Implies That

question 14

Multiple Choice

"Supply creates its own demand" implies that

• A) the very act of supplying a particular level of goods and services necessarily equals the level of goods and services demanded.
• B) the very act of demanding a particular level of goods and services necessarily equals the level of goods and services supplied.
• C) the government will buy up any surplus of goods and services in a country to avoid economic problems.
• D) the very act of supplying a particular level of goods and services will not necessarily equal the level of goods and services demanded.

---

Definitions:

Expectations

Anticipated outcomes or beliefs about what will happen in the future.

Illusory Correlation

A cognitive bias wherein a relationship is perceived between two variables that are statistically uncorrelated or independent.

Genius

Exceptional intellectual or creative power or other natural ability.

Insanity

A legal term describing a person's inability to understand the nature of their actions, not a specific clinical diagnosis.