1. What type of Covid event affected the number of firms in an industry? How many...

1. What type of Covid event affected the number of firms in an industry? How many firms closed due to the supply curve shift change caused by this COVID event? Predict the new equilibrium price and quantity.

2. What type of Covid event affected technology supply shift? Why? Analyze the event using a graph and predict what will happen to price and quantity at the new equilibrium. The initial equilibrium would be pre-Covid.

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Rahul Sunny answered 1 year ago

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