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Contents Resources 1) The COVID 19 pandemic had resulted in the lockdown in Muscat. It has affected the demand and supply of products in the market. Based upon your observation, explain in detail how market demand and market supply affected? Take an example of 5 customers and draw the demand schedule, demand curve, and take an example of 5 suppliers and draw supply schedule, supply curve to support your answer. Reference Books, e-library and internet Students Marks Learning 12.5 Marks After the completion (7.5 marks of this assignment the demand students will be able schedule, 5 to; marks supply schedule) 2) Suppose you are part of the decision-making authority in Oman Once the present situation due to the COVID 19 pandemic comes to a halt. you must make some serious decisions about the market. Explain in detail any four (4) products for which you will fix the price ceiling and four (4) products for which you will fix the price floor explain with valid reasons 12.5 Marks (7.5 marks Critically thinking what price floor effect price ceiling has 5 marks price on products of celling) necessity and luxury Internet and Course Material Beginning (1) Developing Accomplished Exemplary Score Organization (2 Marks) Not organized, events make no sense (05mark) Some organization, events jump around, start and and are unclear 10.75 Marko Organized, events are somewhat jumpy Mark) Good organization, events are logically ordered, sharp sense of beginning and end 2. Marka Unable to find specific details (2.0 Mack) Details are somewhat sketchy. 3.5. Marke Some details are non-supporting to the subject S. Marks) Supporting details specific to subject 12. Marka) Quality of Information (7.5 Marks) Grammar & Spelling (1.0 Mark) Very frequent grammar and/or spelling error (0.25 Mack) More than two errors 12.50 Mark) Only one or two erron 10.75 Mark) All grammar and spelling are correct. LO Mack) Neatness (1 Mark) Illegible writing, loose pages 10.25 Mack Legible writing, some ill-formed letters, print too small or too large, pers stapled together 20.50 Marks Legible writing, well-formed characters, clean and neatly bound in a report cover, illustrations provided 10.75 Marka) Word processed or typed, clean and neatly bound in a report cover, illustrations provided I Marks Timeliness (1 Mark) Report handed in more than one week late (0.25 March Lip to one week late 10.5. Mark) Up to two days late 10.25. Mark) Report handed in on time 1 Mack Contents Resources 1) The COVID 19 pandemic had resulted in the lockdown in Muscat. It has affected the demand and supply of products in the market. Based upon your observation, explain in detail how market demand and market supply affected? Take an example of 5 customers and draw the demand schedule, demand curve, and take an example of 5 suppliers and draw supply schedule, supply curve to support your answer. Reference Books, e-library and internet Students Marks Learning 12.5 Marks After the completion (7.5 marks of this assignment the demand students will be able schedule, 5 to; marks supply schedule) (7.5 marks 2) Suppose you are part of the decision-making authority in Oman. Once the present situation due to the COVID 19 pandemic comes to a halt, you must make some serious decisions about the market. Explain in detail any four (4) products for which you will fix the price ceiling and four (4) products for which you will fix the price floor explain with valid reasons 12.5 Marks Critically thinking what price floor Internet and Course Material effect price ceiling has S marks price celling) necessity and luxury Contents Resources 1) The COVID 19 pandemic had resulted in the lockdown in Muscat. It has affected the demand and supply of products in the market. Based upon your observation, explain in detail how market demand and market supply affected? Take an example of 5 customers and draw the demand schedule, demand curve, and take an example of 5 suppliers and draw supply schedule, supply curve to support your answer. Reference Books, e-library and internet Students Marks Learning 12.5 Marks After the completion (7.5 marks of this assignment the demand students will be able schedule, 5 to; marks supply schedule) (7.5 marks 2) Suppose you are part of the decision-making authority in Oman. Once the present situation due to the COVID 19 pandemic comes to a halt, you must make some serious decisions about the market. Explain in detail any four (4) products for which you will fix the price ceiling and four (4) products for which you will fix the price floor explain with valid reasons 12.5 Marks Critically thinking what price floor Internet and Course Material effect price ceiling has S marks price celling) necessity and luxury