Question

What will happen if there is a rise in transport cost for goods made in factories?Illustrate with an example?

Answer 1

The price of goods will increased suddenly, as suppose the cost of transportation get increase then it will increase in the manufacturing cost of product and, the price get increased

Answer 2

Answer:

If there is a rise in transport cost then goods made in factories, as well as price of agricultural produces will increase.

For Example: If we buy biscuit packet of Rs.10/- in the transportation charges were also included if the transport cost is increased then biscuit packet price also will be increased.