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Question

Who propounded the 'market law'?

A
Adam Smith
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B
J B Say
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C
T R Malthus
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D
David Recardo
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Solution

The correct option is C J B Say
Law was propounded by J.B say
This law means that ‘supply always creates its own demand.’ In other words, according to J.B. Say, there cannot be general over­production or general unemployment on account of the excess of supply over demand because whatever is supplied or produced is automatically exchanged for money.

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