1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tatiyna
3 years ago
13

What happens to price when the cost of resources rise or fall?

Business
1 answer:
ziro4ka [17]3 years ago
8 0
Price: The value of goods and services that consumers need to pay in order to get it

Cost: The money needed to manufacture a good

So, if the manufacturing costs increase, the Yota expenditure is also likely to increase. As producers want to maintain or even increase profit margins to satisfy shareholders, the price they set for consumers are also likely to increase.

On the other hand, if there is a decrease in cost of resources, the producer is likely to produce more at every price level. Therefore, lowering the price. It is the law of supply.
You might be interested in
I am willing to take AP classes if.<br><br>can someone help me out of explaining please​
PIT_PIT [208]
I am willing to take AP classes if the classes will continue to help my knowledge grow and provide new learning experiences.
5 0
2 years ago
Inflation is when _________ money is paid for the same amount of goods and services than in a previous time period. the same amo
Kisachek [45]

Answer:

More

Explanation:

Use google

6 0
2 years ago
The _____ is a 1969 agreement among bolivia, chile, ecuador, colombia, and peru to establish a customs union.
MariettaO [177]
Andean Pact, I believe it the correct answer! Hope it helps!
5 0
2 years ago
An attractive business climate is defined by only one dimension: it minimizes the political risk to a company.
kari74 [83]
I believe the correct answer is false. <span>An attractive business climate is not defined by only one dimension: it minimizes the political risk to a company. Other than this, there are other indicators present. Hope this answers the question. Have a nice day.</span>
4 0
3 years ago
If a cost is a common cost of the segments on a segmented income statement, the cost should:_________.
worty [1.4K]

Answer:

the correct answer is

If a cost is a common cost of the segments on a segmented income statement, the costshould:A) be allocated to the segments on the basis of segment sales.

Explanation:

hope this helps u!!!

8 0
3 years ago
Other questions:
  • Which of these statements about financial aid are true? Select all that apply. Most student loans from the government have a low
    6·2 answers
  • Cassie is preparing her federal income tax return. Which of the following items should be excluded from Cassie's gross income?
    7·1 answer
  • Match each feature with the savings account type.
    13·2 answers
  • A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i
    5·1 answer
  • State the roles of rural development bank for entrepreneurship development ?<br>​
    7·1 answer
  • Susan opened a savings account with $750 at 2.9 percent annual interest. If she keeps the money in the account for 2 years, what
    12·1 answer
  • Services differ from manufacturing for all of the following reasons EXCEPT: a. Heterogeneity b. Time-perishable capacity c. Simu
    12·1 answer
  • The relationships between inventory and throughput, and inventory and operating expense are defined as follows: As everyone is s
    14·1 answer
  • List and explain ten factors to consider in preparing family income​
    13·1 answer
  • select the correct answer. weight management is one benefit of participating in sports. which sentence is true regarding weight
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!