Which of the following is an example of a demand shock? a) Hurricane Harry knock

Question

Which of the following is an example of a demand shock? a) Hurricane Harry knocks out oil drilling platforms in the Gulf of Mexico. b) Consumers become worried about job loss and buy fewer goods and services than expected. c) Floods in the Midwest destroy crops. d) The Federal government unexpectedly requires automobile producers to raise fuel efficiency standards. Which of the following is an example of a demand shock? a) Hurricane Harry knocks out oil drilling platforms in the Gulf of Mexico. b) Consumers become worried about job loss and buy fewer goods and services than expected. c) Floods in the Midwest destroy crops. d) The Federal government unexpectedly requires automobile producers to raise fuel efficiency standards. a) Hurricane Harry knocks out oil drilling platforms in the Gulf of Mexico. b) Consumers become worried about job loss and buy fewer goods and services than expected. c) Floods in the Midwest destroy crops. d) The Federal government unexpectedly requires automobile producers to raise fuel efficiency standards. Hurricane Harry knocks out oil drilling platforms in the Gulf of Mexico. Consumers become worried about job loss and buy fewer goods and services than expected. Floods in the Midwest destroy crops. The Federal government unexpectedly requires automobile producers to raise fuel efficiency standards. a) Hurricane Harry knocks out oil drilling platforms in the Gulf of Mexico. b) Consumers become worried about job loss and buy fewer goods and services than expected. c) Floods in the Midwest destroy crops. d) The Federal government unexpectedly requires automobile producers to raise fuel efficiency standards.

Explanation / Answer

b and d both

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