What is the quickest way to resolve problems from a supply shock?

1. Lower prices

2. Decrease supply

3. Raise prices

4. Rationing

Question

Brodie Hayden

History

11 February, 13:51

What is the quickest way to resolve problems from a supply shock?

1. Lower prices

2. Decrease supply

3. Raise prices

4. Rationing

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Answers (1)

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Elvis Hancock · Answer 1

3. Raise prices.

Explanation:

In the event of a supply shock, the quickest way to recover and adjust is by increasing prices.

If the supply reduces, then the suppliers shall demand more, this shall cause a burden to the seller.

The seller should increase the prices in order to cope up with the prices of the supplies.

What is the quickest way to resolve problems from a supply shock?1. Lower prices2. Decrease supply3. Raise prices4. Rationing

What is the quickest way to resolve problems from a supply shock?

1. Lower prices

2. Decrease supply

3. Raise prices

4. Rationing