Want this question answered?
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.
The government will assume a contractionary fiscal policy position.
demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices.
Increase in food prices
In present days American farmers can recieve subsidues from the Federal Government to make less produce in an effort to increase prices. But in former days and in some other countries farmers suffer when prices drop.
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.
The government will assume a contractionary fiscal policy position.
Higher gas prices, more tax money.
They want to increase it for working
Allow them to raise prices
The reason for a government to want an increase in population is because of greed. The extra person would add funding in one way or another.
demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices.
Becouse not everyone can afford due to increase of prices every now and then
it will increase
the government should increase personal income tax and publish government bond^^
Increase in food prices
They did not want taxes to increase.