The COVID-19 pandemic

The COVID-19 pandemic is, for all intents and purposes, causing a worldwide economic recession, with businesses shutting their doors and many people out of work.
Consider the market for electricity during this crisis. Draw a diagram for each of these situations.
(a) What effect does COVID-19 have on supply and demand in the market for electricity? (5%)
(b) Suppose that the government considers banning electricity bills until the
COVID-19 subsides. What effect might this have on the market for electricity? (5%)
(c) Instead of the proposal in (b), the government considers subsidizing the market for electricity. What effect would this have on the market for electricity? (5%)
(d) Is there an argument, based on externalities, for subsidizing electricity? (5%)
2. The COVID-19 pandemic is a headache for airlines, who struggle to determine a
pricing strategy for their businesses. Consider the market for airplane tickets. Assume that airlines can choose prices (i.e. shift the supply curve at whim), and that their goal
is to maximize revenue (i.e.
Price×Quantity). Your task is to help them fulfill this goal.
(a) Using supply and demand curves, argue that airlines should decrease ticket prices during COVID-19. (5%)
(b) Using supply and demand curves, argue that airlines should increase ticket prices during COVID-19 (hint: consider elasticities of demand). (5%)
(c) Which of the arguments in (a) or (b) do you find more compelling? Why? (5%)

Sample Solution

The post The COVID-19 pandemic appeared first on nursing writers.


<h2 style="

Order a similar paper and get 15% discount on your first order with us

Dr. Padma Myers
Dr. Padma Myers
98% Success Rate
Read More
“Hello, I deliver nursing papers on time following instructions from the client. My primary goal is customer satisfaction. Welcome for plagiarism free papers”
Stern Frea
Stern Frea
98% Success Rate
Read More
Hi! I am an English Language and Literature graduate; I have written many academic essays, including argumentative essays, research papers, and literary analysis.
Dr. Ishid Elsa
Dr. Ishid Elsa
98% Success Rate
Read More
"Hi, count on me to deliver quality papers that meet your expectations. I write well researched papers in the fields of nursing and medicine".
Dr. Paul P. Klug
Dr. Paul P. Klug
99% Success Rate
Read More
"A top writer with proven reliability and experience. I have a 99% success rate, overall rating of 10. Hire me for quality custom written nursing papers. Thank you"

How Our Essay Writing Service Works

Tell Us Your Requirements

Fill out order details and instructions, then upload any files or additional materials if needed. Then, confirm your order by clicking “Place an Order.”

Make your payment

Your payment is processed by a secure system. We accept Mastercard, Visa, Amex, and Discover. We don’t share any informati.on with third parties

The Writing Process

You can communicate with your writer. Clarify or track order with our customer support team. Upload all the necessary files for the writer to use.

Download your paper

Check your paper on your client profile. If it meets your requirements, approve and download. If any changes are needed, request a revision to be done.

Recent Questions

Stay In Touch!

Leave your email and get discount promo codes and the best essay samples from our writers!