106 Views
What effect does a rise in the cost of machinery or raw materials have on the cost of a good?
What effect does a rise in the cost of machinery or raw materials have on the cost of a good?
Answer
It's a chain reaction.
If the cost of manufacturing increases the cost of goods will increase to keep up with the demand and also to get a reasonable amount of profit.
So if the cost rises in producing the goods so will the goods itself.
To see more answers head over to College Study Guides
Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017
This 40 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 106 views.