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Really? Economics can help us understand what happened in themask market during the pandemic? Chanel...

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Economics

Really? Economics can help us understand what happened in themask market during the pandemic? Chanel Carter Oh, most definitely!Let's think of the N95 mask market as a perfectly competitivemarket and talk this through. Derrick So before the outbreak of thevirus, the equilibrium market price of one N95 mask . was $10.After the outbreak, the equilibrium market price shot up to

$200

for the same mask! What happened in the market for N95 masks??!!The supply of masks decreased sharply. The demand for masksdecreased sharply. The supply of masks increased sharply. Thedemand for masks increased sharply. Submit

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