Question

Identifying costs of inflation Van manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. His employees regularly deal with customer annoyance over the frequent price changes. This is an example of the

Answer 1

This is an example of anticipatory change in the market and working accordingly.

Explanation:

The cost of inflation int he country that Van works in have risen up directly and this increase in the rate of change of inflation has led to volatility in the market.

SO he updates the prices every day and sends newspaper inserts advertising the new prices. This makes it better for him to deal with the inflation that is happening and fluctuating everyday.

This makes the functioning smooth in context of his daily dealings with costumers who need to be aware of what is happening in the market.