EC202: Intermediate Microeconomics Semester 1, 2022 Online Activity 1 (3.75%) Due Date: Monday 5th Sept, 2022 (5pm, Fiji Time) --------------------------------------------------------------------------------------------------------------------- Instruction: Carefully read the required chapters for weeks 1 & 2 and revise the discussion from Tutorial 1. This is an individual assessment. Turn-it-in report is not required, and your submission should NOT exceed one page. You are permitted to discuss with your friends but use your words and submit your activity in PDF format through dropbox on Moodle (check under course assessments). Email submissions are not acceptable. Late submissions are not acceptable. Any activity submitted after completion of marking will receive zero. Question: Read the following article carefully https://edition.cnn.com/2022/08/04/economy/china-military-drills-taiwan-global-trade-intlhnk/index.html Use an appropriate economic model to show and discuss how developments in the Taiwan Strait are likely to influence the prices of semiconductor chips and related goods (for example, electronic products). State your assumptions clearly and keep your discussion concise