Question
Covid 19 has impacted the supply and demand for toilet paper . Use at least 3 reliable aticles to answer these questions 1) Discuss the
Covid 19 has impacted the supply and demand for toilet paper. Use at least 3 reliable aticles to answer these questions
1) Discuss the impact COVID 19 is having on demand for Toilet paper . What factors are causing demand to shift? Explain at least two of these factors. Make sure you explain if demand is increasing or decreasing for the product and why.
2)Discuss the impact COVID 19 is having on supply for toilet paper. What factors are causing supply to shift? Make sure you explain if supply is increasing or decreasing for the product and why.
3)Identify the market structure for toilet paper company. Do you think the market structure had any impact on the change in demand and supply? At what point should the company producing the product shut down production? Explain.
4)How well do you think this industry will recover now that we have started reopening the economy? Explain.
5)Draw the demand and supply curves for toilet paper before COVID 19. Point out equilibrium. Indicate, using labels and arrows what direction demand and supply has gone since the crisis has begun. Point out the new equilibrium. You do not have to make up numbers, but you need to accurately label demand, supply and equilibrium, both for the original market and the current market after the impact of COVID 19
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