Illustrate the following with supply and demand curves: When the corona virus hit Pakistan in February, people rushed to the markets to get masks and sanitizers but they were unable to get them even at a higher price. There was shortage in the market and suppliers were unable to fulfill the sudden increase in demand.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
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Illustrate the following with supply and demand curves:

  1. When the corona virus hit Pakistan in February, people rushed to the markets to get masks and sanitizers but they were unable to get them even at a higher price. There was shortage in the market and suppliers were unable to fulfill the sudden increase in demand.
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