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Provide Examples of prices can be pulled up on the demand side and how prices can be pushed up on the supply side?
Wiki User
∙ 15y ago
Examples of prices can be pulled up on the demand side : Lets say the whole supply or producton of chickens is 1000 pieces per month for 10K users. Suddenly there is an increasing number of buyers or users due to festivals for example. The supplier for chickens will raise the price knowing that users will still buy their chickens eventhough at higher price rather than increase the production which shall also add their production costs. Examples of prices can be pushed up on the supply side : When suppliers faced in the increasing price of items related to their production of chickens for example, the rising cost of chicken's foods and services charges, the supplier will raise the price of their chickens to cover their additional cost of productions. However there is another factor other than supply & demand and the rising cost of services charges that can contribute to the hike of items in the market today...
Wiki User
∙ 15y ago
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