In our discussion of supply and demand we considered supply/demand curve shifters.In this short paper you will analyze 2020 Covid-related events in the context of two specific supply shifters. The first is "# of firms" and the second is "technology." These will be considered separately.You will use tools from class and graphsin your analysis. Shutdowns,contraction of markets, and fear of infection are examples of things that affected the # of firms.As firms adopted to the pandemic they transformed business models through low- or high-intensity innovations to change the way they conducted their money-making activities.This is an example of a technology change.

I want you to be creative, so paper structure is your purview. However your paper should include:

1.Introduction.

2.Summary of a #-of-firms event from 2020 from a news media source. You don't need to do a detailed summary, just what happened and why.But identify the source.And cite.

3.Perform analysis of the event using a graph and describe the shift and predict what will happen to price and quantity at the new equilibrium relative to the initial one. The graph must be included in your paper.

4.Summary of a technology event from a news media source for 2020. This can be a different example than that of 2.You don't need to do a detailed summary, just what happened and why. But identify the source.And cite.

5. Perform analysis of the event using a graph and describe the shift and predict what will happen to price and quantity at the new equilibrium relative to the initial one.The graph must be included in your paper.

6.Summary/conclusion.