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Early on with the onset of the COVID-19 pandemic, consumers were worried about the spread of the virus and increased their demand for delivery services
Early on with the onset of the COVID-19 pandemic, consumers were worried about the spread of the virus and increased their demand for delivery services such as Amazon and Uber instead of shopping on their own. In addition, workers employed by these delivery services cut back on their shifts because of the fear of the spread of the virus. With both things happening together, what can we say about how the equilibrium quantity of these delivery services? |
a) Based on the information provided in the question, equilibrium quantity increased |
b) Based on the provided information provided in the question, equilibrium quantity decreased |
c) Based on the provided in the question, equilibrium quantity stayed the same |
d) Based on the information provided in the question, the change in equilibrium quantity can't be determined- it depends on the relative shifts of the curves |
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