Markets:(we will only address the consumer goods market) Product Shortages or out of stock situations are happening in supermarkets. Give 3 examples of products that were and/ or are still unavailable. Why do you think this has happened from a? 1-Demand perspective (ex: consumer panic) 2-Supply (ex: real production issues) Based on your personal views, textbook, and info from the internet, Explain for each product the demand and supply situation -What happens to Price elasticity during shortages? -Explain from a supply perspective -Explain from a demand perspective What about substitutes and complementary products to the 3 products that you selected. Give 1 example for each
