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Jean Baptiste Say helped prove that: As prices increase, new suppliers enter a market leading to an increase in supply and lower prices over time.
- Jean Baptiste Say helped prove that:
- As prices increase, new suppliers enter a market leading to an increase in supply and lower prices over time.
- Entrepreneurs are the key to income creation and therefore the supply of all goods and services.
- The law of demand, which shows that as prices increase, quantity demanded will fall, but quantity supplied will rise.
- As the demand for goods and services increase, prices rise, and supply will increase.
- Through the coordinated activities of government agencies, adequate supplies of food, clothing and shelter will exist.
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