D Question 23 Which one of the following scenarios would be an example of creative destruction? O A firm producing food blenders uses cheaper materials and components which lead to a short life span of their product. The increased wear and tear of industrial tractors leads to their quicker than expected replacement by U.S. farmers. O An increased demand for oil from countries such as China and India leads to higher prices of oil on the world market and a more intensive environmental existing producers. O The introduction of google glasses into the market and a quick rise in their popularity drive companies which produce only smart phones out of business