Question: The world is now facing a pandemic. How will demand for and supply of various goods and services change? Give some examples, such as personal

  1. The world is now facing a pandemic. How will demand for and supply of various goods and services change? Give some examples, such as personal protective equipments, flights, cinemas, restaurants, grocery.
  2. What will happen to the equilibrium prices and quantities after all those changes in demand and supply?
  3. Do you think demand side shifts will be bigger, or supply side shifts bigger, they will be more or less the same?

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