Menu costs are higher in traditional markets than digital markets. Group of answer choices True False

true

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

1.demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2.cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect  

Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.

Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.

answer is i don't know

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )