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:
Life in the city got affected by new factory owners providing important services like garbage collection to city residents, fast urbanization lead to overcrowding and spread of disease, as factories expanded and cities grew, so did police and fire protection
Answer: The Meiji Restoration accelerated the industrialization process in Japan, which led to its rise as a military power by the year 1895, under the slogan of "Enrich the country, strengthen the military" Japan's economic powers are a major influence on the industrial factor of its country as well.
Explanation:
