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the real income of the users of that product fall.
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.
Supply is inversely proportional to inflation, so the priceof the product will decrease
Inflation is the economic term that describes an increase in product price without the increase of money's worth.
The change in price can affect the demand for that product. If the price increases people will look for cheaper substitutes.
the real income of the users of that product fall.
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.
Supply is inversely proportional to inflation, so the priceof the product will decrease
It causes the general price of products to slowly rise over time.
Inflation is the economic term that describes an increase in product price without the increase of money's worth.
how will the weather affect the inflation of the ballooons
The change in price can affect the demand for that product. If the price increases people will look for cheaper substitutes.
how does inflation affect hospitality in nigeria industry
yes
inflation
The local economy will be higher raising on inflation and the value of currency of the price will be in intrest rate as decreasing.
the higher the demand the higher the price.the lower the demand the lower the price.