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Due to the pandemic, there was a reduction in the availability of microchips for cars and lockdowns forced people to stay home. The impact of

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Due to the pandemic, there was a reduction in the availability of microchips for cars and lockdowns forced people to stay home. The impact of the microchip shortage was greater than the stay-at-home orders, as a result O a. Equilibrium price went up, equilibrium quantity fell O b. Equilibrium price and quantity went up O c. Equilibrium price fell, equilibrium quantity went up O d. Nothing happened, the forces cancelled each other out O e. Equilibrium price and quantity fell

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