Which of the following would most likely trigger a price increase?
A) cost inflation
B) reduced demand
C) cheaper alternatives
D) reduced expenses
E) overproduction

Name: Which of the following would most likely trigger a price increase? A) cost inflation B) reduced demand C) cheaper alternatives D) reduced expenses E) overproduction
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Question

Quizplus · Accepted Answer

Cost inflation causes an increase in the cost of production, which may lead to a rise in the price of the product to maintain profit margins.

Which of the Following Would Most Likely Trigger a Price