Question
One of the events in the article is the increases interest in home renovations and deck projects during the COVID pandemic. Explain why and how
One of the events in the article is the increases interest in home renovations and deck projects during the COVID pandemic. Explain why and how this event affected the North American lumber market using complete sentences and economic terminology. Indicate how demand, quantity demanded, supply, quantity supplied, the equilibrium price, and the equilibrium quantity of North American Lumber change as a result of the event. (ie increase, decrease, no change or unknown change). If something does not change, state this explicitly. Demand and supply graph are welcome thank you.
Source/article:
https://www.theglobeandmail.com/business/article-lumber-mania-how-supply-constraints-in-bc-are-colliding-with/
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