What will happen to the price level when the price of imports increases?

The price level will increase, because foreign goods will be more expensive and this will effect prices overall.

GF
Answered by Gabrielle F. Economics tutor

2183 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Explain why demand for food is relatively price inelastic?


Why is the demand for food relatively price inelastic?


Using real life examples, explain the differences between the different market structures.


Evaluate the case that economic growth is always beneficial to a country


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences