Due to covid-19 pandemic, use of mask has increased causing its supply to increase holding other factors constant. How does it affect supply for mask?

Answer 1

The increased use of masks due to the COVID-19 pandemic would likely result in an increase in demand for masks. However, the question states that the supply of masks has also increased due to this situation. Therefore, we are assuming that mask production has increased to meet the growing demand.

With an increase in supply, the supply curve for masks would shift to the right. This means that at each given price level, there would now be a greater quantity of masks supplied. As a result, there would be more masks available in the market.

This increase in supply could help alleviate shortages and meet the heightened demand for masks. It might also lead to a decrease in prices, as increased supply usually leads to lower prices in a competitive market. However, this would depend on the magnitude of the increase in supply versus the increase in demand.

Additionally, the increased use of masks has likely prompted a change in consumer behavior and preferences. People now see masks as a necessary item and may continue to use them even after the pandemic ends. This shift in behavior could result in a sustained increase in demand for masks in the long term, leading to ongoing production and supply in the market.

Answer 2

In one sentence

Answer 3

The increased use of masks due to the COVID-19 pandemic has led to an increase in supply to meet the growing demand in the market.