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How did improvements in transportation affect the price of goods?
Wiki User
∙ 14y ago
Roads made it possible for cheaper domestic transportation of goods
Wiki User
∙ 14y ago
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Does the changing of petrol price affect the rate of inflation?
The changing of petrol price affects the rate of inflation. When petrol price increases, it follows that the cost of production and transportation of most goods also increase.
How do price changes affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
What affect will reducing trade barriers between countries have on the price of goods?
the effect reducing trade barriers between countries have on the price of goods are types of names
How does price changes affect equilibrium?
By serving as a tool for distributing goods and services.
Does the changing of petrol price affect the rate of inflation?
The changing of petrol price affects the rate of inflation. When petrol price increases, it follows that the cost of production and transportation of most goods also increase.
How does the price system affect goods and services?
goods and services whether it may be anything price will be there for it
How do price changes affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
How do prices affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What makes a price elastic?
If a change or increase in price will affect demand. Elastic goods are usually those that the consumer does not NEED to purchase, such as luxury goods. When the producer increases price, demand will usually increase. Inelastic goods are those that the consumer needs to buy no matter what the price is, such as milk or salt. A sale or price increase won't affect the demand at all.
What affect will reducing trade barriers between countries have on the price of goods?
the effect reducing trade barriers between countries have on the price of goods are types of names
How does price changes affect equilibrium?
By serving as a tool for distributing goods and services.
What affect on agriculture will increasing fuel costs have?
It will increace the price of primary goods.
What is the full form of the FOR rates for the terms of goods delivery?
I think transportation charges of the material is inclusive in material price .
How do price incentives affect people's behavior when shopping or buying goods?
the prices lowered
How does consumer expectation affect demand for goods?
Consumers will buy more of a good when its price is lower and less when its price is higher.
