1. Discuss your thoughts on how COVID-19 will impact the hospitality industry (specifically, restaurants).

2 .Imagine that there are two markets for meals: sit-down restaurants and restaurants that focus on delivery and to-go meals.

a. Draw a supply-and-demand diagram that shows how the market for sit-down restaurants differs before and after COVID-19.Label each axis, the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity. Label the new equilibrium price and quantity.

b. Draw a supply-and-demand diagram that shows how the restaurants that focus on delivery and to-go meals differs before and after COVID-19. Label each axis, the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity. Label the new equilibrium price and quantity. You can take a picture of your awesome supply and demand diagrams and upload it or use software programs to draw your supply and demand diagrams.

You'll need to upload or attach your diagrams. You'll only need to upload two separate supply and demand diagrams. One for sit-down restaurants and one for restaurants that focus on delivery and to-go meals.No diagrams, no points.

Compare and contrast your two graphs. Which type of restaurant does well in the new economy? Which does worse? Why?