Economy, asked by manishbadhan87, 8 months ago

what is the constant rise in commodities price called in ecnomic

Answers

Answered by Anonymous

Explanation:

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.

Answered by BabyBold07

Explanation:

Constant prices are obtained by directly factoring changes over time in the values of flows or stocks of goods and services into two components reflecting changes in the prices of the goods and services concerned and changes in their volumes

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