Question

Question 1. The Covid-19 pandemic in early March has resulted in shortages of toilet paper, rice, flour, pasta and many other household items, and it took some time before supermarket shelves returned to normal. Explain why there were shortages of these products using demand and supply. You can pick one particular item or more to explain your answer.

Answer 1

Ques 1

Ans - We know that Covid-19 which is also known as the coronavirus 2019 is one of the most dangerous pandemaic of the world , it has not only impacted the Humans, but it has severe impact on the world economy and it leads to financial crisis , shortage of essential goods and services, As the pandemic starts to rise in the month of march our central government has annouced an janta curfew, and locking of the Countries so that this disease cannot gets transmitted any more in the peoples, due to this lockdown all people has been advised to stay in home and work safely for eg office employees, companies which produce the essential goods and services they got shut down due to this pandemic because of this reason the supply of goods like rice , flour, pasta has been stopped, and our people in India has started getting panicked they starting to purchase this essentials due to which it increases the demand  

Now Let's understand this situation with an eg.

We all know and everyone's our one and only vegetables, before this pandemic it was avaiabilable in every grocery shop , but once pandemic started and govts annouces that there will lockdown (which means no transportation like online delivery will happen) it makes people to start saving and purchasing more and more vegetables so that they can survive this covid , and we know once pandemic starts no person were allowed to go into roads or agriculture which leads to shortage of vegetables or essentials foods, and increase the demand of this foods.

Let's consider Biscuit loved by everyone, before pandemic we used to find our favourite biscuit in every shop , but once pandemic started the production of this biscuit got stopped because people and workers were advised to stay in home which leads to shortage of supply and people purchases these in biscuit in such a heavy stock that there is an shortage of supplies for other person.

Hope this helps