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Happens when prices rise quickly?
an inflation ;)
When the price of a capital good increases what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
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.
When the price of a capital good increase what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
How companies adjust their prices to take into account different types of customers and situations?
discuss how companies adjust their prices to take into account different types of customer and situations
Happens when prices rise quickly?
an inflation ;)
Happens when prices rise very quickly?
an inflation ;)
What happens when there is an increase in prices for goods and services combined with a reduction in the value of money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
What does the sticky price theory imply?
The sticky price theory suggests that prices do not adjust quickly to changes in demand or supply, leading to temporary imbalances in the economy. This can result in periods of high unemployment or inflation as prices and wages adjust slowly.
When the price of a capital good increases what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
When the price of capital good increases what happens to the prices of the related consumer goods and services and why?
Prices increase due to the increase in production costs.
When a price of a capital good increases what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
When the price of a capital good increases what happens to the prices of related consumers goods and services?
Prices increase due to the increase in production costs.
When the price of a capital good increase what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
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.
What happens when there is an increase in prices for good and service combined with a reduction in the value of money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
What happens when there is an increase in price for good and services combined with a reduction in the value money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
