Multiple Choice
The price of a decorated three-tiered wedding cake from a local supermarket deli recently increased from $105 to $119. The supermarket manager said it was due entirely to increases in sugar and labour costs. The $14 increase is an example of which of the following?
A) deflation
B) poor resource utility
C) price gouging
D) inflation
Correct Answer:
Verified
Correct Answer:
Verified
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