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Q.

How does the market stabilize quantity according to Adam Smith?

Tags: money, education, entertainment
Asked by John, 11 Nov '12 12:23 pm
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Answers (3)

1.

When there is a shortage of something in demand, the price goes up. When the price goes up, there are less people that will buy. Then they produce more of that thing and the price drops for that thing drops as there is a surplus.
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Answered by anil garg, 11 Nov '12 03:04 pm

 
  
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2.

When there is a shortage of something in demand, the price goes up. When the price goes up, there are less people that will buy. Then they produce more of that thing and the price drops for that thing drops as there is a surplus.
Answered by Quest, 11 Nov '12 12:34 pm

 
  
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3.

It based on demand and supply theory
Answered by jameel ahmed, 11 Nov '12 12:28 pm

 
  
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