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:
d) italy's heavy losses to the british in north africa
Explanation:
<span>In July 1836, Andrew Jackson issued the Specie Circular, which required that public lands be purchased using "gold or silver," since it was thought that this would be better for the US economy. </span>
Answer: There was disagreement over whether land gained as a result of the war would be free or slave. was unnecessary. ... They opposed the Kansas-Nebraska Act because they were against the expansion of slavery into new states.
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