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Market equilibrium. Please thoroughly and completely explain what market clearing equilibrium means and how it happens. Explain how the Covid pandemic shocked the markets for

Market equilibrium.

Please thoroughly and completely explain what market clearing equilibrium means and how it happens.

Explain how the Covid pandemic shocked the markets for hand sanitizer and sanitizing wipes out of equilibrium and how those markets have returned to equilibrium. Need the details.

Thoroughly and completely explain the two government intervention cases, price floors and price ceilings and give examples of each.

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