At the end of the summer driving season, the demand for gasoline typically declines. This is an
example of a negative demand shock.

Name: At the end of the summer driving season, the demand for gasoline typically declines. This is an example of a negative demand shock.
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Question

Quizplus · Accepted Answer

A negative demand shock refers to a sudden and unexpected decrease in demand, whereas the decline in gasoline demand after the summer driving season is a predictable and seasonal pattern.

At the End of the Summer Driving Season, the Demand