<span>Inflation is a general increase in prices and fall in the purchasing value of money. If money becomes too common, the price of goods will increase, but the worth of the money will drastically decrease. This causes large conflict in communities.
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Answer:
Gross margin $22,346
Explanation:
The computation of the gross margin is shown below:
Sales $66,300
less:
Direct material $15,900
Direct labor $14,430
Overhead $13,624 ($16,244 ÷ 310× 260)
Gross margin $22,346
Hence, the gross margin is $22,346
That statement is False
Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products, the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade)
5. C. cost push
6. A. Demand
7. A. Law of Demand
8. A. The product isn't a Necessity
9. C. Demand
Answer:
Consumer price index; A consumer price index measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households.
