Supply shock

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

In collections

Nobody has pulled it yet.

What Wikipedia says

A supply shock is an event that suddenly increases or decreases the supply of a commodity or service, or of commodities and services in general. This sudden change affects the equilibrium price of the good or service or the economy's general price level.

Excerpt from the Wikipedia article “Supply shock”, under the CC BY-SA 4.0 license. Read the article on Wikipedia