Consider the market for face masks. When COVID-19 lockdowns started in March, healthcare workers and the...

Consider the market for face masks. When COVID-19 lockdowns started in March, healthcare workers and the general public complained about a lack of face masks. 2 Now, however, several months later, there is no significant lack of face masks, and the govern- ment mandates the wearing of facial protection in public indoor settings. Using a supply and demand diagram, explain how this initial shortage of face masks rectified itself. (Hint: the transition to a new equilibrium

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Rahul Sunny answered 1 year ago

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