Question
Below are 3 market situations. Analyze each one. Make the assumption that originally the market starts at equilibrium. Explain the movement to a new equilibrium,
Below are 3 market situations. Analyze each one. Make the assumption that originally the market starts at equilibrium. Explain the movement to a new equilibrium, if the article suggests it, and most importantly what factors are moving the market to a new equilibrium. Differentiate if this is a change in demand, supply, quantity demanded, or quantity supplied, or none at all. You may explain your reasoning with graphs, numbers, or just verbally.
https://www.cnbc.com/2020/03/03/coronavirus-hand-sanitizer-sales-surge-leading-to-price-hikes.html
.https://www.bbc.com/news/av/world-africa-51634204
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