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

Business

2 answers:

Bogdan [553]3 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]3 years ago

5 0

Question: When increased raw material costs increase prices for consumers, the situation is known as _______ inflation.
Answer: C) Cost push.
Question: 6. What's the term for the idea that there aren't enough resources to satisfy everyone's wants and needs?
Answer: A) Demand.
Question: The _______ states that more of an item will be purchased at a lower price than at a higher price.
Answer: A) Law of Demand.
Question: What might cause a consumer to have an elastic demand for a product?
Answer: A) The product isn't a necessity.
Question: Consumer tastes or preferences would be most likely to have an effect on
Answer: C) Demand.

You might be interested in

Buying goods and services not for their intrinsic value but for the purpose of impressing others is called?

Hunter-Best [27]

Buying goods and services not for their intrinsic value but for the purpose of impressing others is called Conspicuous consumption.

What is Conspicuous consumption?

Conspicuous consumption is the act of acquiring things or services specifically with the intention of flaunting one's wealth. When publicly displayed products and services are too expensive for other people in a person's class, conspicuous consumption is a way to demonstrate one's social position. Although it is frequently associated with the wealthy, this type of consumerism can occur in any income class.

Conspicuous consumption is characterized by buying products that are solely intended to serve as symbols of wealth, such as apparel with luxury brand labels, cutting-edge equipment and toys, and automobiles.

To know more about Conspicuous consumption refer:

brainly.com/question/7456315

#SPJ4

3 0

2 years ago

Ultimately, multinational corporations that pursue an international strategy, their headquarters keep tight control over marketi

emmainna [20.7K]

The answer is true. A multinational corporation is one that exports internationally or offers services to customers or clients in other company. The initial step in most organizations' global development plans is typically an international strategy, which involves exporting or importing goods and services while marketing maintaining a headquarters or offices in their home country.

There is no one method that works for all business ventures that involve global expansion. Multinational corporations may decide to invest more in their target markets as they expand and scale. Depending on your objectives and business style, expanding your company internationally by marketing takes on numerous forms.

To learn more about multinational corporation , click here.

brainly.com/question/494475

#SPJ4

5 0

1 year ago

The aggregate demand curve shows a ________ relationship between ________ and aggregate output ________.

dezoksy [38]

Why should i ever care just kidding

6 0

3 years ago

What kind of education do you need to be a construction engineer technology?

Sliva [168]

You would have to earn an Associate of Applied Science (AAS) degree or an advanced technical certificate.

4 0

3 years ago

The primary purpose of the legal reserve requirement is to:

Marta_Voda [28]

Answer: The correct answer is choice C.

Explanation: The primary purpose of the legal reserve requirement is to provide a means by which monetary authorities can influence the lending ability of commercial banks. These policies are the way in which the Federal Reserve can control the money supply.

4 0

3 years ago