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History for Supply Shock (history as of 03/05/2015 12:02:27)

Supply Shock is a sudden unexpected change in the form of an event that increases or decreases output of directly or indirectly related products temporarily. An example of supply shock could include bad weather such as hurricanes that reduces the immediate supply of a commodity such as the shipment of crude oil. This can be a negative shock or positive shock which in turn will either shift the supply curve either to the left or right.

  

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