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Today and due to the spread of COVID19, we can observe that some sectors in an...

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Economics

Today and due to the spread of COVID19, we can observe that somesectors in an economy are expanding will others contracting. Usingthe demand-supply framework, give an example for one industry thatis growing and one industry that is shrinking. Use the graphs toexplain your idea and demonstrate why this is happening.

I need the answer of minimum 800 words.

Answer & Explanation Solved by verified expert
4.2 Ratings (889 Votes)
DearStudentBelow industries growing unexpectly due to spread ofCOVID191 Lifestyles of Health and Sustainability LOHAS andWellnessthe face of the pandemic immunity can be our biggest weaponWith this in mind and alongside clear directives from manygovernment authorities to steer clear of crowded places homeexercise programs and the fitness equipment industry arewellpositioned to boom2 Grocery deliveries with a twistWith millions worldwide in quarantine or on lockdown    See Answer
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