Business, 12.09.2021 19:30, harveyangel123p2tjae

Describe, using supply, demand and market equilibrium what happened to the market for N95 masks when a global pandemic hit in 2020. Assume as a starting point for simplicity that prior to the pandemic, the market equilibrium price of N95 masks was $1 each and the market equilibrium quantity was 10 million. You can make-up your own numbers to represent any changes. Provide the following:
A complete graph with all lines and axes labeled, including equilibrium price, quantity as a starting point (before the changes noted below happened)
If either curve shifts, you must tell us the variable of supply (e. g., price of inputs went up, number of suppliers increased, etc.) or demand (incomes increased, expectation that "X" would be hard to get in the future, etc.) that shifted.
Using the same graph or a different graph, show the change in equilibrium after the market changes. Be sure to identify what happened to equilibrium price and quantity.

Hope you guys can help.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 17:10, jasonweber8718

Teller co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during may. each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. manufacturing overhead is applied at a rate of 110% of direct labor costs. teller has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. what is the total amount to be budgeted for manufacturing overhead for the month?

Answers: 1

continue

Business, 21.06.2019 17:40, hallmansean04

Sodas in a can are supposed to contain an average of 12 ounces. this particular brand has a standard deviation of 0.1 ounces, with an average of 12.1 ounces. if the can's contents follow a normal distribution, what is the probability that the mean contents of a six pack are less than 12 ounces?

Answers: 2

continue

Business, 22.06.2019 10:00, silviamgarcia

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Answers: 1

continue

Business, 22.06.2019 17:00, whitakers87

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Answers: 2

continue

Do you know the correct answer?

Describe, using supply, demand and market equilibrium what happened to the market for N95 masks when...