Go to the following Statistics Canada website- https://www150.statcan.gc.ca/n1/pub/13-605-x/2023001/article/00001-eng.htm On this website, you will find data on Support Measures on major programs that the Federal government implements to provide support to Businesses to deal with COVID-19.

1. Use a simple supply/demand model (assume perfect competition) for goods/services provided by businesses. Illustrate the initial impact of COVID-19 on the demand for these goods/services.

2. Redraw the diagram from 1. and add the impact of the CEWS into the model. Illustrate the likely equilibrium outcome of the CEWS.