Question

Find three examples of pricing impacts that you have seen as a result of Coronavirus.

Answer 1

Below are the few examples of pricing impacts that we have seen as a result of Corona virus.

• Groceries,vegetables and fruits: Due to lockdown effect in most of countries, farmers are not able to transport the food products to local markets and retail shops. Resulting in increase in price of the products such as vegetables, fruits, and other groceries.
• mask, Sanitizer, handwash and other medicines: since most of people started buying the mask, sanitizer and other medicines to safeguard themself from Corona virus. Demand has increased in the market but at the same time production of masks have reduced due to closing of industries as a result of which price of masks and sanitizer have increased.
• Non-veg food products: since most of scientist guessing that the corona virus spreading from wild animal flash. Most of the people have misconception that eating of non veg such as chicken, fish, and sheep flesh causes Corona virus therefore non veg price is reduced in the market.
• Transportation: due to more Corona positive cases in the world, public transportation availability is stopped, due to which private transportations have taken advantages and charging more money from the customers.

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