Question

in economic terms, coronavirus is a

1.Supply shock with demand shock effects.

2. Demand Shock only

3. Supply shock only

4. Demand shock with supply shock effects

Answer 1

If we talk about coronavirus for the covid-19 then it is create a huge trouble for the whole world

It is a type of endemic which has killed lacks of people across the world and millions are affected from it

It has not left whether the country is developed, under developed or developing

All are fighting with this pandemic at their potential level

An effect of this can be seen on the demand and supply

The most affected by this is the demand shock because most of the countries has announced the lock down which causes many people not to leave their homes

This leads to a drastic decrease in the demand and due to this supply is also reduced

So the correct answer here is option d