Question.796 - After you have reviewed the explanations of the supply and demand in Chapter 4 of the Econ text, you should have recognized that they can shift. Several causes of shifts are listed in your text. Identify a recent or historical occurrence that caused either the demand or supply curve for some good or service to shift and explain why that shift happened.
Answer Below:
A xxxxxx example xx a xxxxx in xxxxxx for x good xx service xxx be xxxx in xxx increase xx the xxxxxx for xxxxxxxx protection xxxxxxxxx PPE xxxxxx the xxxxxx pandemic xxxxxx the xxxxxxxx the xxxx for xxx increased xxxxxxx as xxxxxxxxxx workers xxxxxxxxxx and xxxxxxxxxxx sought xx keep xxxxxxxxxx and xxxxxx protected xxxx the xxxxx This xxx because xx an xxxxxxxx in xxx perceived xxxxx of xxx product xxx to xxx pandemic xxx the xxxxxx of xxxxxx needing xxx product xxx to xxx spread xx the xxxxx The xxxxxxxx in xxxxxx for xxx led xx a xxxxx in xxx demand xxxxx for xxx product xxx demand xxxxx shifted xx the xxxxx indicating x larger xxxxxx of xxx purchased xx each xxxxx point xxxx was xxx to xx increase xx the xxxxxxxx of xxx demanded xx each xxxxx point xx more xxxxxx were xxxxxxx to xxx a xxxxxx price xx access xxx product xxx increase xx demand xxxx caused x decrease xx the xxxxx of xxx as xxx higher xxxxxx led xx an xxxxxxxx in xxx available xxxxxx of xxx product xxx COVID- xxxxxxxx is xx example xx a xxxxxx occurrence xxxx caused x shift xx the xxxxxx curve xxx PPE xxx increase xx demand xxx the xxxxxxx led xx a xxxx in xxx quantity xx PPE xxxxx purchased xx each xxxxx point xxx a xxxxxxxx in xxx product's xxxxx This xxxxxxxxxx how xxxxxxxx events xxx influence xxx supply xxx demand xxx a xxxx or xxxxxxxMore Articles From Economics
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