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For most products and services an increase in price results in?
Wiki User
∙ 10y ago
e2020 answer is B
Wiki User
∙ 10y ago
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What might a producer do while considering lost production that results from a trip to the market?
Increase the price of the products
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
How does supply affect price?
Short supply generally results in price increase.
Why do firms try to sell more products or to sell them at higher prices?
To increase revenue. Revenue = Price x Quantity sold. So if a firm sells more products and/or sells products at a higher price, revenue will increase.
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
For most products and services increased price results in?
A for e2020 students
What might a producer do while considering lost production that results from a trip to the market?
Increase the price of the products
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
How does supply affect price?
Short supply generally results in price increase.
What does increase in cost or services mean?
Price has gone up
How would high oil prices cause inflation?
oil in general is used i production of goods and services.. oil as in petrol oil can be used in manufacturing products and if oil price is high, cost of production would be on the increase so this will result in the increase in the price of that product.
Why do firms try to sell more products or to sell them at higher prices?
To increase revenue. Revenue = Price x Quantity sold. So if a firm sells more products and/or sells products at a higher price, revenue will increase.
When the price of a capital good increases what happens to the price of related consumer goods and services?
Prices increase due to the increase in production costs.
If products c and d are close substitutes an increase in the price of c will?
increase the demand for d
Case study how to price your products to increase profits by business owner may -june 1995?
case study on howto price your products
Why an increase in price does not results in a decrease in demand?
Think about it--when something goes up in price do you want to buy it more? No.
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
