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Advanced Placement (AP)Advanced Placement (AP)
13 December, 00:07

What happens to price lecel during supply shock

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  1. 13 December, 00:25
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    Supply shock occurs as a result of sudden increase or decrease in the supply of goods, commodities and/or services. In the short-run, the effect of supply shock brings about an increase in price level, shifting supply curve to the left.
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