Question
One of the most impacted industries due to COIVD-19 is the personal protective (PPE) kit industry, covid 19 impacted the supply and demand for this
One of the most impacted industries due to COIVD-19 is the personal protective (PPE) kit industry, covid 19 impacted the supply and demand for this product and is now in high supply and demand.
part 1:
Draw the demand and supply curves for this product before COVID 19. Point out equilibrium. Indicate, using labels and arrows what direction demand and supply has gone since the crisis has begun. Point out the new equilibrium. You do not have to make up numbers, but you need to accurately label demand, supply and equilibrium, both for the original market and the current market after the impact of COVID 19.
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