Question
Before the coronavirus outbreak the average high-street price of a travel-size hand sanitiser was 0.99 but after the outbreak it went up to 2.49. Explain
Before the coronavirus outbreak the average high-street price of a travel-size hand sanitiser was 0.99 but after the outbreak it went up to 2.49. Explain how demand, cost and market concentration may explain the price change?
Explain along with the graph.
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
