Analyze a personal situation or some economic event that is happening in Canada using the concepts we learned in class so far.For example, you can talk about how your consumer surplus changed due to the price in the market changing for a good you are buying. To elaborate on this, you can draw demand and supply diagrams, identify areas of consumer surplus before and after, and how you fit in there.If you cannot find an example of a personal situation, you can also analyze an event that is happening around you, such as the price of gasoline going up at the pump, the government putting a tax or price control on a good. Proper Explanation with references