bridget velasquez

Oh$,$ most definitely!Let's think of the N$95$ nask market as a perfectly competitive market and talk this through.

Derrick

So before the outbreak of the virus, the equilibrium market price of one N$95$ mask was $$10.$ After the outioreak, the equilibrium market price shot up to $$200$ for the same mask!

What happened in the market for N$95$ masks??!!

The supply of masks decreased sharply.

The demand for masks decreased sharply.

The supply of masks increased sharply.

The demand for masks increased sharply.

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