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Consider the effects of the following two events on the market for hand sanitizers: ( 1 ) people want to use hand sanitizers more frequently
Consider the effects of the following two events on the market for hand sanitizers: people want to use hand sanitizers more frequently due to the COVID pandemic; more hand sanitizer producers enter the market. What will happen to the equilibrium quantity of hand sanitizers as a result of these events?
Question options:
It will remain unchanged.
It may increase, decrease, or remain unchanged.
It will decrease.
It will increase.Consider the effects of the following two events on the market for hand sanitizers: people want to use hand sanitizers more frequently due to the COVID pandemic; more hand sanitizer producers enter the market. What will happen to the equilibrium quantity of hand sanitizers as a result of these events?
Question options:
It will remain unchanged.
It may increase, decrease, or remain unchanged.
It will decrease.
It will increase.
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