What Is Administered Inflation? Administered. inflation can therefore be regarded as a temporarily higher rate of price. increase for concentrated industries, as oligopolists catch up with prior. shifts in demand. During this period, prices may appear unresponsive. What are examples of administered prices? Products and services that are subject to administered prices include municipal rates,
What Is The Name Of The Good That Is Used To Make Other Goods? An intermediate good is a product used to produce a final good What are the goods that are used to produce things? Machinery, tools, buildings, computers, or other kinds of equipment that are involved in the production of other things for
What Does It Mean To Say That The Demand For Resources Is A Derived Demand? Derived demand is a term in economics, where demand for a factor of production or intermediate good occurs as a result of the demand for another intermediate or final good. … As the demand for coal increases, so does its