Which of the following allows for price increases based on the cost-of-living index or some other formula?
A)price-shading index
B)factorial clause
C)escalator price clause
D)inelastic demand index

Question

Quizplus · Accepted Answer

An escalator price clause allows for price increases based on the cost-of-living index or another formula. This clause is commonly used in long-term contracts to account for potential increases in costs over time. The other choices (A, B, and D) are not relevant to price increases based on the cost-of-living index or any other formula.

Which of the Following Allows for Price Increases Based on the Cost-Of-Living