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If you were to follow Adam Smith to the letter, it will Eventually® get cheaper: lower production cost leads to increased supply, and unemployment leads to decreased demand. Both forcing the prices down.
In practice, though, there are at least two problems with this reasoning:
In those situations I'd simply ditch Smith and look at Marx instead.
This. The invisible hand doesn't work if monopolists buy control of all the fingers.
I think Smith would probably prefer playing ball with Marx over whatever this hellscape is
Got any book recommendations on this topic?
Capital. It's the biggest and best for a reason.
If that's too daunting, read Wage Labor and Capital as well as Value, Price, and Profit. Both combined are far shorter than 1 volume of Capital.
Cowbee already answered it. But really - I recommend going straight to the sources: The Wealth of Nations and The Capital. Preferably in annotated versions, specially for Marx as it's a bit harder to digest (sadly I can't recommend a specific one as I didn't read either book in English).