Consider *only* the market for chips. Based on the information in the first article "The Chip Shortage Keeps Getting Worse…", draw a supply and demand graph for chips that illustrates what is happening in the market for chips. Are any curves shifting? Explain why or why not. On your graph show what happens to equilibrium P and Q in the chips market. (Your supply and demand curves must be on the same graph in order to analyze the market.)

Q&A Education