Use supply and demand analysis to explain what has happened in the market for medical face masks N94 during the pandemic. Make sure to mention and use correctly the following key terms:

- Equilibrium price and quantity.

- supply and demand

- Surplus / Shortage or both

- At least one of the factors (as defined in the textbook)that shift the demand and/or supply curves

- Price controls and quotas (Has the government establishedthose? Do you agree with the policies?

- Wedge or rent

- Consumer and producer surplus

Hint: Although it is not required that you post a drawing, do draw the corresponding supply and demand curves in this market, examine how they have shifted and use this information to describe the situation in your post. You do not have to do extensive research on the the N94 masks market. I am only interested in your analysis of the proposed situation using the tools that you have learned from Chs1,2, 2A, 3 and 4.