Question

Increase in the prices if commodities is called_in economic​

Answer 1

Answer:

here is your answer mate !!

Explanation:

The increased price of the factors of production leads to a decreased supply of these goods. While the demand remains constant, the prices of commodities increase causing a rise in the overall price level. This is in essence cost push inflation.

Answer 2

Answer:

Increase in the prices if commodities is called inflation