How will the supply and demand of computer chips change

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Assignment:

Read 5 reasons why the world is running out of chips on YouTube. What are the five reasons mentioned in the video that caused the current global chip shortage? Based on the current price and stocks, do you still see a shortage for Playstation 5 and XBox series X consoles? Can you explain the whole global chip shortage and the hike on the chip price by using the supply and demand model (to explain why at $499, there is an excess demand now)? To overcome the chip shortage, what can U.S. government do and how will the supply and demand of computer chips change with the new policy (how will government change the supply or demand of computer chips to end the shortage)?

Reference no: EM133536934

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