Surgical Mask: An Enquiry into the Nature and Causes of Price Behavior
Added on 2022-02-04
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Department of Finance
University of Dhaka
“Surgical Mask: An Enquiry into the
Nature and Causes of Price Behavior”
University of Dhaka
“Surgical Mask: An Enquiry into the
Nature and Causes of Price Behavior”
“Surgical Mask: An Enquiry into the
Nature and Causes of Price Behavior”
Course Name: Microeconomics
Course Code: F-202
Submitted to:
Dr. M. Masud Rahman
Professor
Department of Finance
University of Dhaka
Submitted by:
Group No: 09
BBA 25th Batch, Section: C
Department of Finance
University of Dhaka
Date of Submission: 12.10.2020
Nature and Causes of Price Behavior”
Course Name: Microeconomics
Course Code: F-202
Submitted to:
Dr. M. Masud Rahman
Professor
Department of Finance
University of Dhaka
Submitted by:
Group No: 09
BBA 25th Batch, Section: C
Department of Finance
University of Dhaka
Date of Submission: 12.10.2020
LETTER OF TRANSMITTAL
October 12, 2020
Dr. M. Masud Rahman
Professor
Department of Finance
University of Dhaka
Subject: Submission of Course Report on “Surgical Mask: An Enquiry into the
Nature and Causes of Price Behavior”
Dear Sir,
With great pleasure we would like to submit our report on “Analysis of Price Change Behavior
of Facemask” as per course requirement. It was our immense pleasure to have such a report,
and was a wonderful experience to work on it. As you will see in the following pages that we
have done an analysis on price change behavior of facemask. We have used our skills and
made effort to achieve the goal of the report. During making this report we gained various
practical knowledge and gathered interesting experiences. These knowledge and experiences
will help us in our future academic and professional purpose.
We hope that you will consider our unintended error while writing this report with clemency.
Therefore, we beg your kind consideration in this regard. We will be very helpful if you accept
our report and oblige thereby.
Sincerely,
Krititapa Biswas
On behalf of the group 9
Department of Finance
Faculty of Business Studies
University of Dhaka
October 12, 2020
Dr. M. Masud Rahman
Professor
Department of Finance
University of Dhaka
Subject: Submission of Course Report on “Surgical Mask: An Enquiry into the
Nature and Causes of Price Behavior”
Dear Sir,
With great pleasure we would like to submit our report on “Analysis of Price Change Behavior
of Facemask” as per course requirement. It was our immense pleasure to have such a report,
and was a wonderful experience to work on it. As you will see in the following pages that we
have done an analysis on price change behavior of facemask. We have used our skills and
made effort to achieve the goal of the report. During making this report we gained various
practical knowledge and gathered interesting experiences. These knowledge and experiences
will help us in our future academic and professional purpose.
We hope that you will consider our unintended error while writing this report with clemency.
Therefore, we beg your kind consideration in this regard. We will be very helpful if you accept
our report and oblige thereby.
Sincerely,
Krititapa Biswas
On behalf of the group 9
Department of Finance
Faculty of Business Studies
University of Dhaka
Acknowledgement
We are also especially grateful to our honorable course teacher, Professor Dr. M. Masud
Rahman, Department of Finance, faculty of business studies University of Dhaka for giving us
valuable suggestions and precious contributions. The knowledge that he had provided us in
our course has worked as a beacon which has guided us while preparing this report. This
report is prepared by us solely for our academic purpose, and not for any other reason. This
report is a collaborative effort. This report could not be completed without the effort and
cooperation of our group members. Many illustrations and examples were collected from
numerous people from whom we could not obtain permission and we would like to
acknowledge them and state that we do not intend to violate any information subject to
copyright.
We are also especially grateful to our honorable course teacher, Professor Dr. M. Masud
Rahman, Department of Finance, faculty of business studies University of Dhaka for giving us
valuable suggestions and precious contributions. The knowledge that he had provided us in
our course has worked as a beacon which has guided us while preparing this report. This
report is prepared by us solely for our academic purpose, and not for any other reason. This
report is a collaborative effort. This report could not be completed without the effort and
cooperation of our group members. Many illustrations and examples were collected from
numerous people from whom we could not obtain permission and we would like to
acknowledge them and state that we do not intend to violate any information subject to
copyright.
Table of Contents
Executive Summary................................................................................................................................. 6
Chapter 1: Introduction .......................................................................................................................... 1
1.1: Origin of the study ....................................................................................................................... 2
1.2: Importance of this Study.............................................................................................................. 2
1.3: Objectives of the Study................................................................................................................ 2
1.4: Limitations of the Study............................................................................................................... 2
Chapter 2: Product Discussion ................................................................................................................ 3
2.1: Usage of Surgical Mask ................................................................................................................ 3
2.2: Types of Surgical Mask................................................................................................................. 3
2.3: Selected Product .......................................................................................................................... 3
2.4: Current Situation of the product: ................................................................................................ 3
Chapter 3: Market Scenario .................................................................................................................... 5
Chapter 4: DEMAND, SUPPLY AND EQUILIBRIUM .................................................................................. 6
Chapter 5: Limitation of law of Demand:..............................................................................................10
Chapter 6: Limitation of Law of Supply.................................................................................................14
Chapter 7: Elasticity ..............................................................................................................................17
Chapter 8: Special Factor Covid-19 Effects: ..........................................................................................18
References ............................................................................................................................................21
Appendix ...............................................................................................................................................22
Executive Summary................................................................................................................................. 6
Chapter 1: Introduction .......................................................................................................................... 1
1.1: Origin of the study ....................................................................................................................... 2
1.2: Importance of this Study.............................................................................................................. 2
1.3: Objectives of the Study................................................................................................................ 2
1.4: Limitations of the Study............................................................................................................... 2
Chapter 2: Product Discussion ................................................................................................................ 3
2.1: Usage of Surgical Mask ................................................................................................................ 3
2.2: Types of Surgical Mask................................................................................................................. 3
2.3: Selected Product .......................................................................................................................... 3
2.4: Current Situation of the product: ................................................................................................ 3
Chapter 3: Market Scenario .................................................................................................................... 5
Chapter 4: DEMAND, SUPPLY AND EQUILIBRIUM .................................................................................. 6
Chapter 5: Limitation of law of Demand:..............................................................................................10
Chapter 6: Limitation of Law of Supply.................................................................................................14
Chapter 7: Elasticity ..............................................................................................................................17
Chapter 8: Special Factor Covid-19 Effects: ..........................................................................................18
References ............................................................................................................................................21
Appendix ...............................................................................................................................................22
Executive Summary
The term paper began with a brief overview of the purpose and reason behind preparing it.
It covers almost about all necessary information of the respective topic. As every work has a
specific function or purpose hence there is a relevant objective of this term paper. This term
paper mainly deals about price behavior of a particular product.
In order to prepare this term paper, we used data collected from ...... by conducting a survey.
We found the following regression equation from the conducted survey:
The demand curve equation, Quantity Demand= 35-2P
The supply curve equation, Quantity Supply = 15+2P
After plotting the data derived from the survey and getting equilibrium, we had found that:
• Surgical face mask is an Inferior good
• As income increases, demand curve shifts leftward
• As substitute goods enter market with lower price, demand curve shifts leftward
• As input price increases, supply curve shifts leftward.
• As technology develops, supply curve shifts rightward
After attention should be cast upon the approaches and methods to complete the term paper.
The introductory part ended up with the scopes & confinements of the assigned subject. The
next segment of the term paper started with a brief overview of the product. Finally, we have
briefly showed the factors of price change of surgical face mask with proper graphs and
applied the theories learnt from microeconomics course.
The term paper began with a brief overview of the purpose and reason behind preparing it.
It covers almost about all necessary information of the respective topic. As every work has a
specific function or purpose hence there is a relevant objective of this term paper. This term
paper mainly deals about price behavior of a particular product.
In order to prepare this term paper, we used data collected from ...... by conducting a survey.
We found the following regression equation from the conducted survey:
The demand curve equation, Quantity Demand= 35-2P
The supply curve equation, Quantity Supply = 15+2P
After plotting the data derived from the survey and getting equilibrium, we had found that:
• Surgical face mask is an Inferior good
• As income increases, demand curve shifts leftward
• As substitute goods enter market with lower price, demand curve shifts leftward
• As input price increases, supply curve shifts leftward.
• As technology develops, supply curve shifts rightward
After attention should be cast upon the approaches and methods to complete the term paper.
The introductory part ended up with the scopes & confinements of the assigned subject. The
next segment of the term paper started with a brief overview of the product. Finally, we have
briefly showed the factors of price change of surgical face mask with proper graphs and
applied the theories learnt from microeconomics course.
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