Consider face mask is a normal good; there is an impact on this good due to the pandemic. Illustrate and explain the impact of the demand and supply of face mask with the help of a graph

Question

Covid-19 pandemic has affected various economic sectors around the world. Consider face mask is a normal good; there is an impact on this good due to the pandemic. Illustrate and explain the impact of the demand and supply of face mask with the help of a diagram/graph by showing the impact before the pandemic, during the pandemic and after the pandemic.

Answer 1

Normal Good = products where an income increase causes an increase in demand

Global pandemic causes increase in demand for face masks and other protective equipment. This is shown as a rightward shift in the demand curve causing the equilibrium price and quantity to rise.