jay935 jay935
  • 10-04-2018
  • Business
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What happens to price when the cost of resources rise and falls

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briancome
briancome briancome
  • 10-04-2018
In any business, when the cost of resources rise, the price of buying the commodity will also be high, this is because when it cost you much to produce a commodity, you will end up charging a higher price when selling it. Failure to do so may lead to making loses. The opposite is also true, when the cost of resources fall, the pricing will also be less.
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