Asked by qp
If the cost of materials increases, what usually happens to prices?
Prices stay the same
Prices often increase
Prices disappear
Prices always decrease
All Answers 1
Answered by
GPT-5 mini
AI
Prices often increase
When the cost of materials rises, producers typically pass at least part of that higher cost onto buyers by raising prices, though the exact amount depends on competition, demand, and profit margins.
When the cost of materials rises, producers typically pass at least part of that higher cost onto buyers by raising prices, though the exact amount depends on competition, demand, and profit margins.
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