What is a sudden shortage of a good called? supply shock rationing spillover costs black market

Option “A” Supply shock is the correct answer because supply shock refers to a sudden fall in the availability of quantity which is basically caused by changes in price. However, the supply shocks can be negative and positive. The negative supply shocks represent the shortages of the commodity. The sudden fall in production increases the price of commodity.

religion played a major role in the american revolution by offering a moral sanction for opposition to the british--an assurance to the average american that revolution was justified in the sight of god. the revolution strengthened millennialist strains in american.

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