What can you say about the long run in this industry and which companies will be helped, and which hindered, by these changes?
Describe two different markets where there has been a market disequilibrium. That is, there is a shortage or a surplus. This is often temporary for weeks or months, maybe because of a natural disaster. Briefly discuss the supply and demand curve in each case. What can a manager of a firm within this industry do to minimize the impact of this situation (or to take the best advantage of it)?