Experts call for 30% cut in goods prices

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https://s.yimg.com/bt/api/res/1.2/pw5VgRe8fEojt3aRALS77A--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en_AE/News/Arab%20News/145595044673.jpg (https://en-maktoob.news.yahoo.com/experts-call-30-cut-goods-prices-095020751.html)Eco**mic experts argue that the prices of goods in the local market must be reduced by 30 percent, and have appealed to the consumers to reduce their purchases in order to force merchants to bring down prices. The current price of oil is **t the cause but has rather resulted in a decline in the eco**mic activity,? Mohammed bin Dulaim Al-Qahtani, a professor of eco**mics at King Faisal University, was quoted as saying by local media. ?The relationship between the eco**my and eco**mic drives is positively correlated, as if the eco**my moves and oil prices move, prices are also assumed to respond to such movements,? Al-Qahtani said.




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