An example of a supply shock could be ________.
A)a technological innovation
B)a natural disaster
C)an oil price increase
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

All of the options listed can cause a supply shock. A technological innovation can suddenly increase supply, a natural disaster can drastically reduce supply, and an oil price increase can affect the supply costs for a wide range of products and services.

An Example of a Supply Shock Could Be ________