Short essay:

c) "Economists predict Covid-19 will cause the worst global economic recession due to the demand, supply, and financial shock all happening at the same time. Malaysia's gross domestic product (GDP) has fallen by 17.1% as a result of the indirect impacts of the Covid-19: the movement control order (MCO), more commonly known as a lockdown. As businesses can not operate during the MCO, many jobs will be lost. ' As producer of a firm (choose any firm that you are familiar with), what would you do to sustain your business and your strategy like.(Do apply your knowledge that you have learned in class, and relate it to the situation: demand, supply.elasticity, market structure and any related) (10 marks)