182k views
0 votes
Did the demand curve shift during the coronavirus?

User Danedo
by
4.1k points

1 Answer

2 votes

Answer:

Yes, it is correct to say that the demand curve shifted during the coronavirus, as the pandemic was an unexpected event that caused a planned economic recession, with the main objective of reducing production levels and demand in order to contain the pandemic.

One of the examples was the legislation that forced the closing of stores and restaurants in order to reduce the circulation and agglomeration of people in order to reduce the contagion by the virus, which caused a drop in demand and jobs.

User Michael Geary
by
4.1k points