Question and answer
When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull B. cost-push C. monetary D. Law of Supply
When increased raw material costs increase prices for consumers, the situation is known as COST-PUSH inflation.
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Expert answered|Score 1|Janet17|Points 38261|
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Asked 10/15/2018 10:45:07 AM
Updated 150 days ago|4/29/2021 5:06:49 PM
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Confirmed by Sting [4/29/2021 5:06:49 PM]
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What might cause a consumer to have an elastic demand for a product? A. The product was produced outside of the United States. B. The product is a necessity. C. The product isn't a necessity. D. The product is priced at $5.
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Updated 10/15/2018 11:10:48 AM
1 Answer/Comment
The product isn't a necessity might cause a consumer to have an elastic demand for a product.
Added 10/15/2018 11:10:48 AM
This answer has been confirmed as correct and helpful.
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What tool does the US government use to keep track of inflation throughout the years? A. The Value Calculator B. The Monetary Supply C. The Consumer Price Index D. The Inflation Scale
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Updated 6/25/2020 11:34:43 AM
1 Answer/Comment
The US government use the Consumer Price Index to keep track of inflation throughout the years.
Added 6/25/2020 11:34:43 AM
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Weegy: Consumer sovereignty is a principle of the US economic system. (More)
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