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QUESTION 2 (Total. TO marks ) The Covid-19 pandemic has caused the popularity of food-delivery services (from restaurants to consumers) to rise significantly. Food-delivery companies

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QUESTION 2 (Total. TO marks ) The Covid-19 pandemic has caused the popularity of food-delivery services (from restaurants to consumers) to rise significantly. Food-delivery companies in Kuala Lumpur, like Grab or Foodpanda, charge the restaurants a fee for their services, and also charge the consumers another fee separately. Assuming that all markets are free and competitive, use demand and supply curves to illustrate and explain how you think the Covid-19 pandemic might have affected the market price and quantity in: a) the market for food-delivery services, (4 marks) b) the market for food containers, (3 marks) c) the market for cooked-food (for delivery). (3 marks) (Hint: Try to relate your analyses to what has actually happened in Kuala Lumpur, or in your hometown.) Begin your answer to Question 2 below this line. You may extend or reduce the answer-space fit the 10

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