CA Foundation Exam > CA Foundation Questions > Upward Revision of administered prices result...
Start Learning for Free
Upward Revision of administered prices results in _________.
- a)Demand-Pull inflation
- b)Cost-Pull inflation
- c)Stagflation
- d)Deflation
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Upward Revision of administered prices results in _________.a)Demand-P...
Cost-Pull Inflation
Cost-pull inflation occurs when the costs of production increase, leading to a rise in prices. When administered prices are revised upwards, it directly affects the cost of production for businesses, which in turn leads to cost-push inflation.
Administered Prices
Administered prices are prices that are set by the government or other regulatory bodies, rather than by market forces. These prices can include things like fuel prices, utility rates, and public transportation fares.
Upward Revision
When administered prices are increased, businesses that rely on these goods or services will face higher production costs. This can be due to increased expenses for inputs, transportation, or other factors. As a result, businesses may pass on these increased costs to consumers in the form of higher prices for their products or services.
Impact on Inflation
The upward revision of administered prices can contribute to overall inflation in the economy. As businesses raise their prices to cover higher production costs, consumers may experience an increase in the cost of living. This can lead to a general rise in prices across the economy, known as inflation.
In conclusion, an upward revision of administered prices results in cost-pull inflation, as it directly impacts the cost of production for businesses and contributes to a general increase in prices in the economy.
Cost-pull inflation occurs when the costs of production increase, leading to a rise in prices. When administered prices are revised upwards, it directly affects the cost of production for businesses, which in turn leads to cost-push inflation.
Administered Prices
Administered prices are prices that are set by the government or other regulatory bodies, rather than by market forces. These prices can include things like fuel prices, utility rates, and public transportation fares.
Upward Revision
When administered prices are increased, businesses that rely on these goods or services will face higher production costs. This can be due to increased expenses for inputs, transportation, or other factors. As a result, businesses may pass on these increased costs to consumers in the form of higher prices for their products or services.
Impact on Inflation
The upward revision of administered prices can contribute to overall inflation in the economy. As businesses raise their prices to cover higher production costs, consumers may experience an increase in the cost of living. This can lead to a general rise in prices across the economy, known as inflation.
In conclusion, an upward revision of administered prices results in cost-pull inflation, as it directly impacts the cost of production for businesses and contributes to a general increase in prices in the economy.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer?
Question Description
Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer?.
Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Upward Revision of administered prices results in _________.a)Demand-Pull inflationb)Cost-Pull inflationc)Stagflationd)DeflationCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup