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When prices rise what happens to income?
When prices rise, income buys less.
Happens when prices rise quickly?
an inflation ;)
Who is gaining from the rise in oil and gas prices?
the government
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
What happens to prices when supplies are limited?
The oil pries raise
When prices rise what happens to income?
When prices rise, income buys less.
Happens when prices rise quickly?
an inflation ;)
Happens when prices rise very quickly?
an inflation ;)
Who is gaining from the rise in oil and gas prices?
the government
How much are fuel prices expected to rise this summer?
A driving factor in the rise is the Gulf oil crisis. Prices are expected to rise at least 7% over the summer.
Why did oil prices rise?
Because the people in the war wouldn't give us oil.
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
How does rising oil price affect the price of polyester resin?
as polyester resin is a bi-product of oil so if the prices of oil rise then it is definite that the polyster resin price will also rise.
If crude oil prices are valued in American dollars and the British Pound is now worth two dollars why hasn't there been a drop in the price of petrol and oil-related products in the UK?
The recent rise in oil prices has been much greater than the rise in the value of the GB pound against the US dollar. Without the change in the exchange rate the rise in oil prices in pounds would have been even greater.
What happens to prices when supplies are limited?
The oil pries raise
Why in these times when inflation happens as a consequence of prices rising its considered a threat but in the 60s when prices rose under normal circumstances it was not considered a threa?
In normal circumstances prices rise gradually ,but in times of inflation they rise rapidly
What happens to prices and output in short run when Short-run aggregate demand shifts left?
Prices rise, output rises
