Why did costs for shipping containers increase so sharply during the pandemic? Check all that apply. Companies were ordering more goods to meet increased demand, resulting in increased volume of shipped goods. Containers were scarce since they were often stuck in locations that did not have cargo to send back to Asia, and demand for shipping was intense. Container companies increased prices to take advantage of pandemic lulls. O Increased demand of digital goods such as video games. In the US, incoming ships overwhelmed the dock capacity and so shipping containers were "trapped" on loaded ships.

Why did costs for shipping containers increase so sharply during the pandemic? Check all that apply. Companies were ordering more goods to meet increased demand, resulting in increased volume of shipped goods. Containers were scarce since they were often stuck in locations that did not have cargo to send back to Asia, and demand for shipping was intense. Container companies increased prices to take advantage of pandemic lulls. O Increased demand of digital goods such as video games. In the US, incoming ships overwhelmed the dock capacity and so shipping containers were "trapped" on loaded ships.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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