When suppliers can demand higher prices for their inputs or reduce the quality of the input factor delivered, they demonstrate t

Question

Vera_Pavlovna [14]

2 years ago

6

When suppliers can demand higher prices for their inputs or reduce the quality of the input factor delivered, they demonstrate t

hat they are ______.

Business

1 answer:

Anuta_ua [19.1K] · Answer 1 · 2024-01-05T21:02:04+03:00

When suppliers can demand higher prices for their inputs or reduce the quality of the input factor delivered, they demonstrate that they are powerful.

<h3>How do suppliers show that they are powerful?</h3>

The suppliers that are in an economy can show that they are powerful in several ways. The ways that they can do this is when they increase the prices of goods in the economy, when they decrease the quality of the items that they supply and when they reduce the quantity of goods available in the market.

Hence we can say that when suppliers can demand higher prices for their inputs or reduce the quality of the input factor delivered, they demonstrate that they are powerful.

Read more on suppliers here: brainly.com/question/26000839

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