Supply and Demand: During the past year of living in this pandemic, many, many items have had severe shortages. Research an item (toilet paper, masks, plastic, etc.) and tell us What item you have chosen and why. What created the shortage. The impact on supply.
Supply and Demand: During the past year of living in this pandemic, many, many items have had severe shortages. Research an item (toilet paper, masks, plastic, etc.) and tell us What item you have chosen and why. What created the shortage. The impact on supply.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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During the past year of living in this pandemic, many, many items have had severe shortages. Research an item (toilet paper, masks, plastic, etc.) and tell us
- What item you have chosen and why.
- What created the shortage.
- The impact on supply.
- The impact on demand.
- The impact on price.
Use terms and concepts to discuss this
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