Question

An increase in price may be caused by either of two things. What are those two things? a) Supply and demand b) Inflation and taxes c) Advertising and competition d) Weather and transportation costs

Answer 1

An increase in price may be caused by supply and demand.

Step-by-step explanation:

An increase in price may be caused by either of two things: supply and demand. When consumers demand more goods than are available on the market, prices are driven higher and the additional opportunities for profit induce more suppliers to enter the market, producing an equivalent amount to that which is demanded.

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