ECON 545 Week 3 Case Study; Microeconomic Analysis; Supply and Demand

Microeconomic Analysis: Supply and Demand Your name Your email here Economics—ECON 545 Professor Your instructor September 15th Table of Contents Introduction3COVID19 Social Lockdown & Distancing3Supply & Demand Market Response4Change in Demand Analysis4Figure 1 FY20205 Figure 2 FY20225 Ready-to-Eat Meals Analysis5Figure 3 FY 2021-20226 Figure 4 Distribution FY20216 Conclusion7References8Introduction Economics is an ever-changing and constant evolvement in business. Market information constantly changes to affect demand and supply, whether phones, clothes, leisure activities, healthcare, financial investments, or other goods and services. The data provided gives valuable information to business managers to project, forecast, and make decisions based on current trends and significant events. Companies and organizations respond using their knowledge, experience, and skills to impact the economy and make profits based on economic changes in their respective markets. The following is a comparative evaluation of how COVID-19 (COVID19) affected our nation's food stability and how the market and economy responded to this complex economic problem. COVID19 Social Lockdown & Distancing The impact of COVID19 took the world by surprise. In late 2019 and 2020, the U.S. economy suffered significant human loss and still to this day continues to recover from the initial outbreak that changed the United States permanently. The way we handle disease is different now. The effect this has had on the economy has caused inflationa