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The price of a popular pancake syrup made with corn syrup, not maple syrup, increases. What type of economic factor is this?

A. Inflation

B. Deflation

C. Demand-pull inflation

D. Cost-push inflation

1 Answer

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Final answer:

The price increase of a popular pancake syrup made with corn syrup, not maple syrup, is an example of cost-push inflation.

Step-by-step explanation:

The price increase of a popular pancake syrup made with corn syrup, not maple syrup, is an example of cost-push inflation. Cost-push inflation occurs when the cost of production increases and businesses pass that cost onto consumers through higher prices.

In this case, if the price of corn syrup, a key ingredient in the pancake syrup, increases, the manufacturer will have to pay more for it and may raise the price of the product to maintain their profit margin.

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