what causes the decrease in import prices? does supply and demand play a role?

Expert Solution

A decrease in import prices occurs if the price level in importing country goes down, or if the country is facing some kind of recession or depression. Demand and supply plays a major role here. If demand for importables go up the price of it increases and vice versa. If there is more supply of importables and less demand of the same then the price will decrease.

Rahul Sunny answered 1 year ago

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