Suppose you are asked to do a market analysis in an area in which a natural disaster has recently occurred. For example, Nashville after the Spring floods or New Orleans after Hurricane Katrina.
Other than building supplies, choose a market for a good or service that will be affected. Will demand or supply be affected? What happens to equilibrium prices and output in this market?© BrainMass Inc. brainmass.com October 10, 2019, 3:06 am ad1c9bdddf
A market that will be affected in an area hit by a disaster is restaurant meals. People in the affected area will want to buy their food quickly and cheaply at supermarkets, not sit down for a slow, expensive ...
An example of how supply and demand for restaurant meals will be affected by a natural disaster.