Answer:
Option “D” Consumers become worried about job loss and buy fewer goods and services than expected, is the correct answer
Explanation:
Option “D” is correct because demand shock refers to the sudden decrease or increase in demand. However, option A, B, C represents supply shock because supply shock refers to a sudden increase and decrease of supply. Thus, in option A, B, C supply is decreasing suddenly while in option D the demand is decreasing. Thus option D is correct.
