so they get more money and you get less stuff
it depends upon the demand of the people.... if demand of a particular commodity increases then the supply will automatically increase and in case of shortage, the suppliers would raise the prices of that specific good.
A Cartel
OPEC uses supply and demand to determine prices. If they want to raise the price, they slow down production. The lower supply will equal higher prices.
That would depend on the elasticity of demand. If the elasticity were sufficiently high, a firm would want to increase export prices to increase their total revenue; if else, they would want to lower or maintain their price.
Price increases can be caused by a variety of factors. One is the cost of raw materials can increase. An increase in the price of gas can also cause goods to increase, because most goods need to be transported.
it depends upon the demand of the people.... if demand of a particular commodity increases then the supply will automatically increase and in case of shortage, the suppliers would raise the prices of that specific good.
raise prices
cartel
A Cartel
a firm whose product has an elasticity of 0.31
OPEC uses supply and demand to determine prices. If they want to raise the price, they slow down production. The lower supply will equal higher prices.
Global outsourcing is purchasing inputs from overseas suppliers or producing a product overseas, so as to lower production costs and/or raise the quality of the product.
That would depend on the elasticity of demand. If the elasticity were sufficiently high, a firm would want to increase export prices to increase their total revenue; if else, they would want to lower or maintain their price.
Acreage Reduction Programs (ARPs), are designed to control production, raise market prices, and lower government outlays.
The Production Budget for Raise the Titanic was $40,000,000.
The Production Budget for Raise Your Voice was $15,000,000.
Hens.