After a major flood destroyed an extended residential area in Calgary,what might have happened?
A)Aggregate demand shifted to the right and prices increased.
B)Aggregate demand shifted to the left and prices increased.
C)Aggregate demand shifted to the right and prices decreased.
D)Aggregate demand shifted to the left and prices decreased.

Question

Quizplus · Accepted Answer

After a major flood, the demand for goods and services such as construction, repairs, and replacements typically increases, shifting aggregate demand to the right and leading to higher prices due to increased demand pressures.

After a Major Flood Destroyed an Extended Residential Area in Calgary,what