1. Consider the following imaginary events in 2010:
1. The monsoon is normal and there is a bumper harvest compared to the poor harvest of the 2009
2. There is no monsoon and rainfall is even lesser to a great extent than 2009 and suddenly the country comes under the grip of the severe drought
3. A new technology comes which all of a sudden increases the farm output in the country by a great extent
Which of the above three events will led to a supply shock ?

a. 1 only

b. 1 & 2 only

c. 2 & 3 only

d. 1 & 3 only

e. all 1,2,3

.19686.