Microeconomy

1. A health problem associated with a virus has broken out in your country. As a result of the situation, the number of consumers wishing to purchase hand sanitizer has increased in that season.

A) Draw a graph where you represent the intersection of the demand and supply curves to establish the equilibrium point, the price, and the quantity of the initial equilibrium.

B) Analyze and identify the curves that you must move to find the equilibrium point, the price and quantity of the final equilibrium when purchasing it with the initial equilibrium.

C) After making and analyzing the graphs, you must evaluate the situation in terms of: The effect on demand (increases or decreases), The effect on supply (increases or decreases), The effect on the equilibrium price and quantity (increases or decreases)

Data for Price: 0.25, 0.50, 1.00, 1.50, 2.00

Data for Quantity Demanded: 19, 13, 10, 8, 6

Data for Quantity Supplied: 2, 7, 10, 16, 5

Data for Shortage (-) or Surplus (+): -20, -8, 0, +7, +11