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Suppose that the demand for surgical masks that UN delivered in Q1 2020 was 2.3 million. What was the market situation in the surgical masks

  1. Suppose that the demand for surgical masks that UN delivered in Q1 2020 was 2.3 million. What was the market situation in the surgical masks industry in Q1 2020?
  2. If the demand for 'gloves' is elastic in the Personal Protective Equipment market, do you think that the glove manufacturers would want to decrease the prices charged to consumers per pair of gloves produced? Explain.

Refer to the following source: : https://www.unicef.org/supply/stories/covid-19-impact-assessment-and-outlook-personal-protective-equipment

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