Question

The rise is commodity prices is called economics?

Answer 1

Explanation:

Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time. It is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods. 3.8.

Answer 2

Answer:

In economics, a commodity is defined as a tangible good that can be bought and sold or exchanged for products of similar value. ... And like other assets, commodities can fluctuate in price according to supply and demand.

Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time. It is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods.

Explanation:

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