CFA Practice Question

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CFA Practice Question

Consider Hurricane Katrina's detrimental effect on the oil and gasoline industry: oil rigs, refinement plants, and pipelines were either shut down or taken off line. This would likely to cause a(n) ______.

A. demand shock
B. supply shock
C. oil shock
Correct Answer: B

A natural disaster or other unanticipated event that disrupts the production process and/or supply chain can cause a supply shock.

User Contributed Comments 1

User Comment
maryprz14 oil shock! lol
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