With regards to the law of demand and supply, if you are the manager of a dressmaking shop, what will you advice the owners of the shop to do during these pandemic?
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A: True
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- Give an example of supply and demand during the pandemicWhat are the factors that caused shortages is supply and demand during the COVID-19 pandemic?Consider sanitizer is a complementary good for a face mask, while face powder is a substitute good for the face mask. What happen to the demand and supply of sanitizer and face powder during the pandemic? Illustrate and explain your answers with the help of diagrams/graphs.
- Why will the market fail to yield efficient outcome during the pandemic?The pandemic has upended the way New Yorkers dine out: There are sidewalk tables, open streets, streeteries, and barely anyone eating indoors. Now, as the weather gets colder, there are also plastic bubbles out on sidewalks, too. A video of the dome-shaped tents on a West Village street went viral this week, prompting questions of how safe they are, not to mention just what they are. Bubbles of various sorts have shown up around the country since restaurants began to ease into this new, strange era of dining out. […] But the igloolike tents can also get costly and require strict sanitation measures, and some health experts question how safe they actually are. … the big question: Are these things safe? Along with sanitation protocols, most restaurants use flameless candles inside the bubbles in hopes of avoiding any melt-y fires (PVC is toxic when it burns). But the biggest concern is of course the reason for the bubble in the first place, COVID. Dr. Abraar Karan is an internal…A local school administrator is concerned that flu outbreaks are putting children at risk, so she proposes that the state should subsidize flu shots in order to increase coverage rates. -Are the administrator’s concerns valid—are too few children getting flu shots—and will a subsidy help? -The school nurse suggests publishing a list of which kids did not get a flu shot, in the hope that public shaming will lead people to vaccinate their children. Is this strategy likely to work?
- What will happen to demand for labor in the food service delivery during this pandemic if the demand for food service delivery increases? But the cost of food service delivery remains the same.Current research on kidney transplants (see https://www.organdonor.gov/learn/organ-donation-statistics) shows that 17 people a day die while waiting for an organ. This is because: Of the negative externalities that prevent the government from legalizing the buying and selling of organs. Because demand is greater than supply, reflecting the fact that people should be more willing to donate their organs. Because the rationing role of prices is not legally allowed to work in this instance. Because organ prices are so high, most poorer people cannot afford one. A and D only.How to draw the market equilibrium quantity of the vaccine diagram?