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15. Up To 10,000 Retail Stores Could Close This Year Up to 10,000 U.S. storefronts could disappear by the end of 2021. Consumers prefer
15. Up To 10,000 Retail Stores Could Close This Year Up to 10,000 U.S. storefronts could disappear by the end of 2021. Consumers prefer the safety of shopping online during the Covid-19 pandemic. Source: CBS News, January 28, 2021 a. Draw the PPF curves for storefront and online retailers before and after the Covid-19 pan- demic. b. Draw the marginal cost and marginal benefit curves for storefront retailers and online retail- ers before and after the Internet became an option. c. Explain how changes in production possibili- ties, preferences, or both have changed the way in which goods are retailed.
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