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All Journal Indonesian Journal of Science and Technology Studies in English Language and Education
Minghat, Asnul Dahar Bin
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Computer Science & IT Education Environmental Science Languange, Linguistic, Communication & Media

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Journal : Indonesian Journal of Science and Technology

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The Price Dynamics of Hand Sanitizers for COVID-19 in Indonesia: Exponential and Cobweb Forms Machmud, Amir; Minghat, Asnul Dahar Bin
Indonesian Journal of Science and Technology Vol 5, No 2 (2020): IJOST: VOLUME 5, ISSUE 2, 2020
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/ijost.v5i2.24431

Abstract

This study aims to analyze the impact of the COVID-19 pandemic on changes in handsanitizer prices in Indonesia. This study is motivated by the increasing demand for handsanitizers which has had an impact on price ratings. The method used is an explanatory survey with an exponential form approach for the demand function and Linear Cobweb Form for the supply function. The structure of the hand sanitizer market is assumed to be a perfectly competitive market. The results of the study indicate that despite changes in prices, the numerical analysis shows that prices are stable. The entry and exit of companies in the market does not affect price stability. This finding implies that after the pandemic the prices of handsanitizers will return to normal, so producers and consumers must remain rational.
Co-Authors Amir Machmud, Amir Dwi Eko Waluyo Jumanto Jumanto, Jumanto Puji Purwatiningsih, Aris Pulung Nurtantio Andono Raden Arief Nugroho ramayanti, ismarita