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In Business / College | 2025-07-06

When demand for a good or service increases, as the quantity supplied stays the same, is known as:
A. cost-push inflation
B. inflation
C. deflation
D. demand-pull inflation

Asked by aandruss1950

Answer (2)

When demand for a good or service increases and supply remains constant, this situation is referred to as demand-pull inflation . This inflation type occurs when overall demand outstrips supply, leading to higher prices. Understanding this concept is crucial for analyzing economic trends and consumer behavior. ;

Answered by GinnyAnswer | 2025-07-07

The phenomenon where demand for a good or service increases while the quantity supplied remains constant is referred to as demand-pull inflation . This situation leads to higher prices due to consumers' willingness to pay more than what is available. The correct answer is option D: demand-pull inflation.
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Answered by Anonymous | 2025-07-24

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