which scenario is an example of cost - push inflation?\no the cost of purses rises after a store does not…
which scenario is an example of cost - push inflation?\no the cost of purses rises after a store does not stock a large enough supply.\no the cost of gasoline rises at least once a year to match the cost of living.\no the cost of sneakers rises after a celebrity recommends them and demand goes up.\no the cost of cell phones rises after manufacturing them becomes more expensive.
Answer
Brief Explanations:
Cost - push inflation occurs when production costs increase, leading to higher prices. In the case of cell phones, when manufacturing becomes more expensive, producers pass on these costs to consumers in the form of higher prices, which is an example of cost - push inflation. The first option is due to supply shortage (not cost - push), the second is related to cost - of - living adjustments, and the third is due to increased demand (demand - pull factor).
Answer:
The cost of cell phones rises after manufacturing them becomes more expensive.