Which of the following events would cause a demand shock?
A) Refinery capacity in the United States drops permanently.
B) A new pest destroys much of the alfalfa crop in a given year.
C) The government spends less on infrastructure maintenance.
D) Housing prices fall.

Question

Quizplus · Accepted Answer

The Answer of Which of the following events would cause a demand shock?
A) Refinery capacity in the United States drops permanently.
B) A new pest destroys much of the alfalfa crop in a given year.
C) The government spends less on infrastructure maintenance.
D) Housing prices fall.

Which of the Following Events Would Cause a Demand Shock