Question
1.)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
1.)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
2.)Research and describe how the pandemic had affected ONE (1) key industry in the country chosen
3.)How the pandemic impacted the production activities of the country. You may research and discuss based on the trends of relevant GDP-related indictors before and after the outbreak of the pandemic.
4.)How the pandemic impacted the labour market by studying the trends of labour market indicators such as unemployment rate and labour force participation rate
5.)How the pandemic impacted the price level in the economy by studying the inflation rate trend in the economy
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