In less than 2000 words

Requirement You are given the following products to choose for this assignment: "Surgical mask, HoteL'Homestay, Travel Agency, Delivery Service, Agriculture Product, Automobiies {Ne w/secondhand) " 1. *Explain THREE (3) factors that may affect the market demand (graph and explanaon). [12m] a. One of the factors must be related to Covid-1Q. b. Avoid choosing a factor related to govemment policies. 2. *Explain THREE (3} factors that may affect the market supply (graph and explanation). [12m] a. One of the factors must be related to Covid-19. b. Avoid choosing a factor related to government policies. 3. In your opinion, is the market demand and supply price elastic? Provide TWO (2) reasons (1 reason for market demand & 1 reason for market supply) to support your answer. [6m] 4. *Explain TWO (2} government policies that may affect the market equilibrium of the product chosen. [6m] 5. Explain the type of market structure of the product you choose. [3M] 6. *Explain TWO (2) types of externalities that exist in the market of the product chosen. [Em] 7. Group peer assessment [5m]