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- In the midst of the COVID19 pandemic, what happened to the law of demand? Please consider the consequences of the law of demand on the economy during the pandemic.An increased equilibrium price and a decreasedequilibrium quantity results from a(an)a. decrease in demand.b. increase in supply.c. decrease in supply.d. increase in demand.Over the years, the demand for textiles in Country A has grown in spite of rising prices. How would you reconcile this fact with the law of demand?