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topjm [15]
2 years ago
9

5. When increased raw material costs increase prices for consumers, the situation is known as _______ inflation.

Business
2 answers:
Bogdan [553]2 years ago
7 0
5. C. cost push
6. A. Demand
7. A. Law of Demand
8. A. The product isn't a Necessity 
9. C. Demand
MrRissso [65]2 years ago
5 0
Question: <span> When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. 
</span>Answer: C) Cost push.
Question: <span>6. What's the term for the idea that there aren't enough resources to satisfy everyone's wants and needs?
</span>Answer: A) Demand.
Question: <span>The _______ states that more of an item will be purchased at a lower price than at a higher price.
</span>Answer: A) Law of Demand.
Question: <span>What might cause a consumer to have an elastic demand for a product?
</span>Answer: A) The product isn't a necessity.
Question: <span>Consumer tastes or preferences would be most likely to have an effect on
</span>Answer: C) Demand.

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