1.How the government tried to reduce the adverse impact of the pandemic. Identify and elaborate on the economic measures implemented by the government and explain what the policy were meant to achieve.

2.Identify and research on ONE (1) product which saw extreme changes in demand and/or supply during the pandemic. Assuming that everything else remains constant, evaluate and illustrate using the demand/supply model(s) to predict how the equilibrium price and quantity of the product will change.