Question: Topic: Understanding Markets & Industry Changes Objective : To illustrate changes in equilibrium price in a particular market or industry 1. Choose a particular market

Topic: Understanding Markets & Industry Changes

Objective : To illustrate changes in equilibrium price in a particular market or industry

1. Choose a particular market or industry; specify product, geographic location, time)

The specific product that I chose is Face shields.

Answer the following:

  • Choose the kind of change: whether demand or supply.
  • Specify the factor that changed the demand or supply.
  • Explain how the factor affected the demand or supply then affected the market price (increased or decreased, figures if available, better be included).

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