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

2107 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What are some disadvantages of using GDP as a measure of living standards?


Why do price of exchange rates increase when interest rates increase? What does it mean that a currency is strong?


are technological developments making perfect competition more realistic


What is price elasticity of demand?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences