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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.
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Which of these groups of producers working together to raise prices and increase profits?
A Cartel
What is a cartel?
a group of producers working together to raise prices and profits
When and why do suppliers increase their production and raise prices?
so they get more money and you get less stuff
What were formed with the goals of eliminating competitors and increasing their own profits?
These were monopolies and trusts. The owners of these wanted to be the only distributors so they could raise the prices as high as they wanted.
What cause can lead to a raise in prices?
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.
Which of these is a group of producers working together to raise prices and increase profits?
cartel
Which of these groups of producers working together to raise prices and increase profits?
A Cartel
What is a cartel?
a group of producers working together to raise prices and profits
What do stores do to recover from theft?
To recover profits lost due to theft they raise the prices that everyone pays.
When and why do suppliers increase their production and raise prices?
so they get more money and you get less stuff
What firms could raise prices and expect an increase in revenus?
a firm whose product has an elasticity of 0.31
What were formed with goals of eliminating competitors and increasing their own profits?
These were monopolies and trusts. The owners of these wanted to be the only distributors so they could raise the prices as high as they wanted.
What were formed with the goals of eliminating competitors and increasing their own profits?
These were monopolies and trusts. The owners of these wanted to be the only distributors so they could raise the prices as high as they wanted.
What are the situations in which a marketer may increase and decrease prices?
Prices are mostly based on the laws of supply and demand. If a product is very popular and there is a low supply, the marketer would probably raise the price.
Has British airways increased the ticket prices due to increase in fuel prices?
Yes because off spiraling prices of crude oil British Airways decided to raise the fuel surcharge as reported by The Telegraph on 29th May 2008.
What cause can lead to a raise in prices?
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.
Why did the south not like the tariff?
It would raise agricultural prices on farmers
