Our lives have been totally disrupted by COVID 19. People have been laid off, companies have been told to close and many people are working from home. In this paper I want you to discuss the impact reopening our economy will have on supply and demand for a particular industry or product. Remember, that in microeconomics we don't talk about an entire economy. The impact on GDP, unemployment and interest rates are macroeconomic topics, not microeconomic topics. Choose a particular Canadian product or industry. Please remember this is an individual assignment not a group assignment. When answering these questions, you need to conduct research to back up your opinion. Please note the number of marks assigned to a question. For example, one sentence in a question worth 5 marks will earn you at most 1 mark, not 5. Cite at least 5 current, Canadian articles that discuss the product or industry you have chosen. 1. Discuss the impact reopening the Canadian economy will have on demand for the product or industry you have chosen. You must state what product or industry you are analyzing. What factors are causing demand to shift? Explain at least two of these factors. Make sure you explain if demand will be increasing or decreasing for the product and why. (4 marks) 2. Discuss the impact reopening the Canadian economy will have on supply for the product or industry you have chosen. What factors are causing supply to shift? Make sure you explain if supply will be increasing or decreasing for the product and why. (4 marks) 3. Identify the market structure for this industry. Do you think the market structure had any impact on the change in demand and supply? At what point should the company producing the product shut down production? Explain. (4 marks) 4. How quickly, and how well, do you think this industry will recover now that we have started reopening the economy? Explain. (4 marks) 5. Draw the demand and supply curves for this product before COVID 19. Point out equilibrium. Indicate, using labels and arrows, what direction demand and supply has begun. Draw a third set of lines showing what will