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Early stage of the covid 19 virus

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During the early stage of the COVID 19 virus, the price of face mask in China increased by as much as 10 times compared to the price before the virus. This price increase occurred even though factories in China increased their supply of face masks. Use demand and supply analysis to illustrate and explain why the price of face mask increased even with an increase in supply.

Reference no: EM132489405

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