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Author: Adam Smith

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The market price of any particular commodity, though it may
continue long above, can seldom continue long below, its natural
price. Whatever part of it was paid below the natural rate, the
persons whose interest it affected would immediately feel the
loss, and would immediately withdraw either so much land or so
much labour, or so much stock, from being employed about it, that
the quantity brought to market would soon be no more than
sufficient to supply the effectual demand. Its market price,
therefore, would soon rise to the natural price; this at least
would be the case where there was perfect liberty.

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