Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Price of Masks Sharply Increased, the Govemnment Takes 6 Steps. The news can be summarized as follow: The price of masks has risen sharply

The Price of Masks Sharply Increased, the Govemnment Takes 6 Steps". The news can be summarized as follow: The price of masks has risen sharply following the announcement of the first case of coronavirus in Indonesia 2nd March 2020 especially in DKI Jakarta and its surrounding areas even though there is an adequate supply of masks in Indonesia. Government then took 6 steps to control the price of masks: 1) Limit export of masks to other countries 2) Limit the number of masks that can be purchased by each person 3) Appeal to sellers not to increase the price of masks 4) Threaten producers and distributors who withbold stocks with heavy fines 5) Police will patrol the market to prevent hoarding

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Development And The Environment Perspectives On Sustainability

Authors: Joel Darmstadter

1st Edition

1317335686, 9781317335689

More Books

Students also viewed these Economics questions