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>
Answer:
Emphasize that whenever a news story is breaking, students should resist the temptation to react right away. Instead, they should slow down and try to get the full story.
Explanation:
The First Continental Congress took place between September 5th<span>, </span>1774<span> and October 26</span>th<span>, </span>1774<span> in Philadelphia, Pennsylvania at Carpenter's Hall. It was a meeting between 12 of the 13 colonies' delegates, at an early stage of the American Revolution.</span>
Answer:The made sure people were safe during war
Explanation:
