What is the economic term used for sustained increase in the price of goods and services? inflation depression recession deflation

The answer is: inflation

Inflation tend to occurs when the demand for the goods and services in the market surpass the number of supply for the goods/services. This situation make the goods/services become scarce. This lead to sustained increase in price of the goods and services.

The price would keep increasing until the producers make enough goods or services to keep up with the demand or the government create monetary policies to control the money supply.

answer; (1) blank; decreases; ///blank(2) increases; ///blank(3)increases;

when consumers have more money to pay for a product, the most likely situation to occur from the possible options on the list is (2) an increase in price for computer and computer accessories will happen.

companies tend to price products according to production costs, but they also take into account how much money would a consumer in certain segments be willing to pay for their product. if they have more money, the products would definitely be priced higher.