answersLogoWhite

0

Producers raise prices to meet increased costs, which causes costs to consumers to rise.

User Avatar

Wiki User

10y ago

What else can I help you with?

Trending Questions
What causes Price rise in a particular market? What is a statement that most accurately describes the relationship between incomes and expenditures in the circular flow of economic activities? What factors motivated many countries to pursue free trade policies in the 21st century? An economic system must provides the answers to what questions? How can a nation restrict imports? What is the difference between a house and an apartment? Business cycles occur in free enterprise systems because? Definition of health economics? What is the difference between maximising wealth and maximising profits for corporations and which you think is superior? What is an economic system called that is designed to eliminate competition by selling goods at predetermined prices? How can a person determine the scarcity of labor in a particular market or industry? What relationships exists when the available resources within an environment are limited? What is low income for single person? What are the typical profits that businesses see after appearing on Shark Tank? How might the combined changes in wages and prices affect a working family? Why was there so much poor housing in the towns and cities in the 19th century? Which are market structures that are characterized by at least some competition between producers? What does it mean when a company makes zero accounting profit and how does it impact the financial health of the business? What is half of a euro? Why did many American colinists oppose the british policy mercantilism?