Write Fiji government actions that were undertaken to mitigate this issue and what other recommendations that could be done by government

Course Code: EC202 Course Title: Intermediate Microeconomics Scenario Based Report Writing (15%), Due Date: Friday (10 May 2024, at 11:59 pm (Fiji Time)) (Submit via Moodle) Maximum Marks: 30 Contribution to Coursework: 15% Marking Rubrics: [See Appendix 1] This assignment relates to Course Learning Outcomes 1 to 5 1. Communicate the main principles of microeconomics theory, in particular, the major ideas associated with economic reasoning. 2 Apply micro theory to analyse micro-economic issues in different economic contexts. 3. Provide microeconomic solutions to problems for social decision-making, working collaboratively 4. Examine the underlying principles of key microeconomic relationships to identify the interplay of forces between various agents. 5. Solve microeconomic problems using appropriate mathematical techniques Scenario Based Report (30 marks) Developing Countries were severely impacted by covid-19. It affected most of the economy and there were price increases for several essential and food items. Discuss the impact of supply and demand on prices of essential service and food prices during C-19 You can explain this using Economic theory