Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The continued decline in the number of arrivals is due to the closure of international borders since March 18, which is a part of the

"The continued decline in the number of arrivals is due to the closure of international borders since March 18, which is a part of the government's proactive decision in its efforts to curb the spread of the pandemic in Malaysia".

The top 10 tourist generating markets continue to be dominated by Singapore (1,543,627), Indonesia (710,118), China (403,055), Thailand (372,075), India (155,448), Brunei (135,848), South Korea (119,364), Japan (73,891), Australia (72,369) and the Philippines (65,601). In terms of the number of excursionists, or the daily visitors to the country, Malaysia recorded a total of 1,733,101 arrivals from January to September, a decrease of 74.9% compared to 6,905,378 excursionists who visited Malaysia in the same period last year.

Based on the above statement, it's seems like the tourism business cycle has been affected badly due to the COVID-19 pandemic. Based on your general understanding on demand and supply theories, propose suitable policies to overcome this problem. Your answer should be picturized using the demand and supply equilibrium conditions to boots the tourism business cycles.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Granularity Theory With Applications To Finance And Insurance

Authors: Patrick Gagliardini, Christian Gourieroux, Christian Gouriéroux

1st Edition

1316057135, 9781316057131

More Books

Students also viewed these Economics questions

Question

When do you think a hiring decision will be made?

Answered: 1 week ago

Question

Differentiate the function. r(z) = 2-8 - 21/2 r'(z) =

Answered: 1 week ago