This is a short-essay quiz assignment. An article on the price of ventilators has been posted to Files, titled ventilators, and found in the coronavirus folder. Choose this, or another item that has been in the news—like N95 masks—and write an essay on what has happened to supply and demand, and price, for the item. Use the tools of supply/demand analysis that we developed in class. Graphical analysis should be included. You could also describe the price changes numerically, as well as scarcity and the reasons for it. MOST IMPORTANT. DESCRIBE ANY CRISIS THAT HAS EMERGED AND USING SUPPLY/DEMAND TOOLS, DISCUSS WHAT SHOULD BE DONE TO MITIGATE THE NEGATIVE OUTCOMES These are suggestions only. You may include any analysis/commentary that you deem important. Because this is an essay no research is required but at your discretion you may add some outside research with citation. The suggested length is that appropriate for an essay. As usual good writing structure and style are expected and might enter your grade.
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