Question: Assuming a competitive market for N95 masks, explain the effect on equilibrium price and quantity of the following scenarios: a) a change in technology that

Assuming a competitive market for N95 masks, explain the effect on equilibrium price and quantity of the following scenarios:

a) a change in technology that decreases the cost of manufacturing the masks;

b) a television current affairs program runs a story indicating these masks are ineffective for COVID-19


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