Describe, using supply, demand and market equilibrium what happened to the market for N95 masks when a global pandemic hit in 2020. Assume as a starting point for simplicity that prior to the pandemic, the market equilibrium price of N95 masks was $1 each and the market equilibrium quantity was 10 million. You can make-up your own numbers to represent any changes. Provide the following:
A complete graph with all lines and axes labeled, including equilibrium price, quantity as a starting point (before the changes noted below happened)
If either curve shifts, you must tell us the variable of supply (e. g., price of inputs went up, number of suppliers increased, etc.) or demand (incomes increased, expectation that "X" would be hard to get in the future, etc.) that shifted.
Using the same graph or a different graph, show the change in equilibrium after the market changes. Be sure to identify what happened to equilibrium price and quantity.

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What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

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