If consumer demand rises and firms respond by raising prices, is this necessarily an example of demand-pull

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If consumer demand rises and firms respond by raising prices, is this necessarily an example of demand-pull inflation? Could there be such a thing as demand-pull illusion?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 09:13 AM

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If consumer demand rises and firms respond by raising prices, is this necessarily an example of demand-pull

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If the rise in consumer demand were the result of higher wages resulting f...View the full answer

Economics

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