Suggest alternative interpretations of or a correction for the information provided assuming the demand curve slopes downward and the supply curve slopes upward:

During COVID-19, in 2020, there was a significant shortage of semiconductors and the materials needed for these electronic devices. In one article, Harvard Business Review reported that other industries outside the automotive sector would see adverse effects from these materials shortages. While there are no direct reports of how much of a materials shortage there is, the supply chain industry was seeing a 7% decrease in ships leaving ports in China. Additionally, air freight was shipping approximately 25% less cargo.

The dominant shift in this situation would fall under a supply fall. The changes in supply were primarily due to the materials being unavailable. Since the market quantity of the semiconductors has been significantly impacted, the demand was also steadily increasing, which resulted in a price increase. Many consumers were buying these semiconductors and microchips and were reselling them well above the retail prices. One specific incident that also caused this shortage is that two Japanese critical infrastructures caught fire and needed "emergency" shipments of available semiconductors from the automotive industry to get back up and running. This example shows that a supply fall occurred since one industry took available resources from a completely different industry. What are your thoughts on this supply fall?