How and when do business adjust for inflation?
In: Economics
Businesses adjust to it many different ways. One of the most interested is in consumer products and the way they hide their inflation.
Not long ago, the standard size for a can or bottle of something (not soda) in the grocery store was 16 oz. But if you look now, the price hasn’t changed but most can sizes are now 12 oz or 14oz.
That’s the product of inflation by either the manufacturer, the retail grocer, or both.
Latest Answers