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Exogenous Supply Shock
An exogenous supply shock refers to an unexpected external event that alters the conditions of production, causing the market supply curve to shift. A positive supply shock, such as a technological breakthrough that lowers costs, increases the quantity supplied at any given price.
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Introduction to Microeconomics Course
CORE Econ
Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ
Introduction to Macroeconomics Course
Ch.8 Economic dynamics: Financial and environmental crises - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
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