Economics (Microeconomics)!!! There has been “a global shortage of electronic chips” in recent years. Write a short essay in which you discuss this situation by using the economic concepts, tools, and analysis you have learned in this course( Microeconomics).

Instructions: The essay must have a length between 250-500 words, it must be well- organized, it must include the causes of this shortage and its effects on countries’ economies as well as on the global economy overall.