Which Is a Positive Demand Shock

question 12

Multiple Choice

Which is a positive demand shock?

• A) earthquake destruction.
• B) technological innovations.
• C) consumers become more optimistic.
• D) higher value of the Canadian dollar.
• E) higher interest rates.

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Definitions:

Vertex

The highest or lowest point of a parabola, representing the maximum or minimum value of a quadratic function.

Vertex

The highest or lowest point of a parabola where it changes direction, or a corner point of a geometric shape.

Focus

In geometry and optics, the point where rays or waves meet or from which they diverge, especially after reflection or refraction.

Function

A relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.