In a way, statement I represents the "invisible hand" of the marketplace that Adam Smith was discussing in his 1776 classic treatise sometimes referred to as "The Wealth of Nations."

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Statement I refers to the idea that markets tend towards equilibrium and self-regulate without the need for external intervention, which is the central concept behind Adam Smith's theory of the "invisible hand." Statement I refers to the concept of prices being determined by supply and demand in the marketplace, which is one of the key elements of Adam Smith's theory of the invisible hand.

In a Way, Statement I Represents the "Invisible Hand" of the Marketplace