1. Name 3-5 types of products that experienced an increase in demand due to COVID-19. Explain...

1. Name 3-5 types of products that experienced an increase in demand due to COVID-19. Explain why the demand for these products increased.

2. Graph the original demand function for these products and its response (shift) due to COVID-19.

3. Explain how the prices for the products, whose demand increased, will respond in the equilibrium. Explain what needs to happen to supply in order to maintain the prices of these products prior to the increase in demand caused by COVID-19. You may draw a graph to illustrate your point.

Expert Solution

Above is the answer of question 1 with explanation.

Rahul Sunny answered 6 months ago

Name 3-5 types of products that experienced a decrease in demand due to COVID-19. Explain why...

Name 3-5 types of products that experienced a decrease in demand due to COVID-19. Explain why the demand for these products declined. Graph the original demand function for these products and its response (shift) due to COVID-19.

Due the Covid-19 1 Which types of businesses are making profits or losses in coronavirus? 2...

Due the Covid-19 1 Which types of businesses are making profits or losses in coronavirus? 2 What sort of businesses are a good investment? 3 Can you think of any businesses which have gone bankrupt recently? 4 Which company shares are going up or down at the moment?

With the economic uncertainty and job insecurity due to the COVID-19 crisis, many consumers may increase...

With the economic uncertainty and job insecurity due to the COVID-19 crisis, many consumers may increase their saving as a precautionary measure. Explain in detail the predicted long-run impact of an increase in national saving on the domestic interest rate, net capital outflow, supply and demand of domestic currency and exchange rate in a large open economy, holding other factors constant. Explain your answer clearly in words. Do not provide diagrams. (125 words maximum)

Covid 19: One of the problems that arises with patients suffering from COVID 19 is due...

Covid 19: One of the problems that arises with patients suffering from COVID 19 is due to accumulation of fluid in their lungs. This makes it very difficult to breathe. You have walked into the emergency room and the interns are arguing about osmosis, diffusion and the symptoms of Covid. One of the interns is arguing that there is no link between the sysmptoms of Covid and osmosis and the other is saying yes there is. Since they know you...

Use an example of a positive externality arising due to COVID 19 to explain what is...

Use an example of a positive externality arising due to COVID 19 to explain what is meant by a positive externality and how it affects the efficiency of markets.

Explain the innovation on China car sales due to Covid-19 impact. (40marks)

Due to COVID-19 the demand for bath tissue papers and paper towels increased by Canadian citizen....

Due to COVID-19 the demand for bath tissue papers and paper towels increased by Canadian citizen. It has increased the Canadian Aggregate demand. True or False

Data on ICU hospitalization (X) and number of death (Y) for 5 days due to COVID-19...

Data on ICU hospitalization (X) and number of death (Y) for 5 days due to COVID-19 is given. Date In ICU (X) Death (Y) 04/25 50 21 04/26 80 35 04/27 87 31 04/28 92 45 04/29 118 50 Total 427 182 Use the fitted regression model to estimate the number of death when number of patients in ICU is 500 rounded to closest number. Question 11 options: 255 240 201 271 218

Changes that implemented due to COVID-19 in Cartier Organization ?

3. Currently, people are staying home due to COVID-19, which clearly limits a lot of the...

3. Currently, people are staying home due to COVID-19, which clearly limits a lot of the activities that people would normally do. While some people will spend more on online shopping, in general, it is reasonable to think that consumption has fallen. (There are OTHER changes going on as well, but just focus on this one for this question.) a. Draw an AD-AS graph. Assume that the economy was at full employment before the virus. Then show the SHORT RUN...

Question