One can Identify the differences between the rise in prices due to inflation and the rise in prices in microeconomic markets by?
- Observing the trends in prices.
- Observing Demand and supply curve.
<h3>Contrast the differences between the rise in prices due to inflation and the rise in prices in microeconomic markets.</h3>
The difference that exist between a rise in price due to the inflation and a rise in price due to microeconomic markets is based on the price changes that has occurred in terms of demand and supply model.
Note that this is said to be the price in a given market but the price rise as a result of to inflation tells that the price rise is one that reaches a lot of markets and not only just one market.
Hence, One can Identify the differences between the rise in prices due to inflation and the rise in prices in microeconomic markets by?
- Observing the trends in prices.
- Observing Demand and supply curve.
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