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>
Affranchis and African slaves rebelling against French rule in Saint-Domingue (Apex).
The primary way that farms in the south differed from those in the north is because the farms of the south raised cash crops using a plantation system.
Further Explanation:
In colonial America (1600-1775), slave labor was used throughout the 13 American colonies. In the North, slaves were used in industries such as shipbuilding. In the South, slaves were used for planting cash crops like tobacco, rice, and indigo.
Once America became independent and started developing its own rules, the views on slavery changed. After 1800, some states started to outlaw slavery while other states kept it. One of the biggest changes was that Southern states focused predominantly on growing one extremely important cash crop, cotton. America became the largest exporter of cotton in the world.
Despite the economic success, slavery brought with it many negative effects such as the mistreatment of African Americans, fights between abolitionists and pro slavery citizens, etc.
Ultimately, this institution would be one of the main factors in sparking the Civil War.
Learn More:
Slavery during the Civil War- brainly.com/question/9389078
Key Details:
Topic: American History
Grade Level: 7-12
Keywords: cash crop, slavery, plantation
Canefight! Preston Brooks and Charles Sumner!
Answer:
People had some leisure time and extra money
Explanation:
