Topic: Understanding Markets & Industry Changes

Objective : To illustrate changes in equilibrium price in a particular market or industry

1. Choose a particular market or industry; specify product, geographic location, time)

The specific product that I chose is Face shields.

Answer the following:

• Choose the kind of change: whether demand or supply.
• Specify the factor that changed the demand or supply.
• Explain how the factor affected the demand or supply then affected the market price (increased or decreased, figures if available, better be included).