During the COVID 19 pandemic, the demand for personal protective equipment increased. What adjustments would the market make as a result that would benefit the economy? a. The price of personal protective equipment would rise, signaling to consumers that they should purchase less personal protective equipment b. The supply of personal protective equipment fell as production became more expensive. c. A higher demand for personal protective equipment would ensure that prices increased and allow producers to produce more and not less. d. Learning Objective: Apply demand and supply models to analyze prices and quantities e. The price of personal protective equipment would fall because producers could not meet the demand at lower prices. f. The price of personal protective equipment would rise, signaling to producers that more production was needed.

Q&A Education