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:it was a free state
Explanation:
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The mining and cattle ranching industries increased in the west
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The Silk Road was important because they were able to acculturate various cultural beliefs amongst the traders as well as they were able to trade different products like silk, spices. However, despite the cultural and mercantile trade the Silk Road had also brought along various diseases and ailments amongst the people involve in the trade.
Explanation:
Answer:
On this day in 1814, during the War of 1812 between the United States and England, British troops enter Washington, D.C. and burn the White House in retaliation for the American attack on the city of York in Ontario, Canada, in June 1812.
