1. Jean Baptiste Say helped prove that:

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