Supply and Demand
he Covid Pandemic has resulted in shortages impacting everything from Christmas gifts in stores to building materials to medical syringes. Review the following article and provide, in a well-written narrative, what this means in terms of the interrelationship of supply, price, and demand on two items of your choice. Maybe it’s a Christmas that a child really wants but that most stores no longer have in stock. Or it might be a piece of clothing that you bought last year and now want to replace it but which is hard to find or twice as expensive as what it was last year.If supply is diminished what happens to the price of goods? What happens to the demand for goods? Use your research to explain your conclusions and include a graph for at least one of your examples like the one below showing the situation before and after the change.