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The increase of demand and the shortage of supplies or service.

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Q: What is a main factor driving prices for good and services upward?
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What are the main factors driving prices for goods and services upward?

production costs increase so that producers need to charge more to make a profit


What is one of the main factors driving prices for goods and services upward?

Production costs increase so that producers need to charge more to make a profit.


What is the general upward movement of prices known as?

inflation


What is the term for the upward trend in stock prices?

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Oustide of calling it an upward trend you could also call it bullish.


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On the one hand, it is the price of fuel. On the other hand, it is greed. Economics is based on the Satanic virtue of accumulated wealth, which requires a commensurate but by no means equal accumulation of poverty.


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All prices shift upward. Governments love this as taxes do also.


Which of the following is one the main factors driving prices for good and service upward?

Production costs increase so that producers need to charge more to make a profi. apex


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What happens to price when there is monopoly?

When there is a monopoly, the general direction of prices is upward. Because of no competition, buyers have no other choice from where to purchase the products. The monopoly company is then free to raise prices at will.