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What kinds of products will most likely face a shortage during a pandemic? How might these shortages impact consumer behavior? Explain, in detail, types of
- What kinds of products will most likely face a shortage during a pandemic?
- How might these shortages impact consumer behavior?
- Explain, in detail, types of strategies a company may use to control shortages and how these strategies may impact consumers and governments (e.g., pricing strategies, managing supply, imports, exports, etc.).
- Conclude by separating the strategies you mentioned into the two separate categories of supply and demand. Then state which strategy would be the best, in your opinion, to reduce the impact of a shortage, and why.
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