Satisfy the market equilibrium demands

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Reference no: EM132548943

The mission of the microeconomic perspective is to explain relative prices, market equilibrium and income distribution. In response to the current COVID-19 pandemic, there was/is an ongoing need for Personal Protective Equipment (PPE) for first responders and associated medical and law enforcement personnel. From a strategic IT perspective, how does the following business aspects effect current and future planning:

- High Influence

- Dynamic Market

- Price Elasticity

- Demand and Supply Elasticity

1. Is there a valid shortage of PPE or was there a business motive to gain financially to satisfy the market equilibrium demands?

Reference no: EM132548943

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