The correct answer is "decrease".
Gas (oil) is considered a necessary input in the business, as it is required for the production process. Its price would be taken into account as a production cost.
<u>One of the factors that affects the supply of a good or service is the price of the inputs used during the manufacturing process.</u> The higher the price of inputs, the higher the costs of production, and the higher the price that the firm needs to set in order to gain an acceptable profit margin per unit sold.
On the other hand, the relationship between the price of inputs and the price of the products also works in the opposite direction. If the costs of the factors of production decrease, the firm can become more competitive in the markets by establishing a lower price for the product while it can continue earning the same, or even a larger, profit margin. <u>Therefore, the price of the product will decrease if so do the prices of inputs. </u>
He is the founder of the province of Pennsylvania.
Answer:
Frederick Douglass was a truly extraordinary person. He was born into slavery but learned how to read and write. He was a very persuasive person, an abolitionist, he influenced and advised the leaders of the United States and he even edited a very influential black newspaper for 16 years. He was internationally famous as an orator and writer.
Demographics is statistical data of a population. This can include how many people of each gender in a certain population, the occupations of the people, and basically anything that is statistical data.
