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When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull B. cost-push C. monetary D. Law of Supply
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4 votes
When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull

B. cost-push
C. monetary
D. Law of Supply

User WorkSmarter
by
8.5k points

1 Answer

4 votes
Your answer is Cost-Push.
Cost push inflation – this occurs when there is a rise in the price of raw materials, higher taxes, e.t.c
User Martin Cowie
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