ECO2103: The global spread of covid-19 impacts all the industries throughout the world: Principles of microeconomics Essay, IIU, Malaysia

University INTI International University (IIU)
Subject ECO2103: Principles of microeconomics

Questions

i) The global spread of covid-19 impacts all the industries throughout the world. However, there are some industries that profited during these trying times. Analyze the effectiveness of the industries during this crisis in Malaysia. Using the knowledge of ‘demand and supply, explain why some industries are able to make a profit and be successful while some failed in Malaysia.

ii) Assume that there are two critical industries in Malaysia, one being the petroleum industry (inelastic DD) and another car industry (elastic DD). Using the knowledge of ‘elasticity demand’, explain how would you increase the revenue of each industry? Demonstrate the method you employ to enhance the saleability of the product in each industry.

iii) Assume that there was no covid 19 incident and the tourism industry was doing fine in Malaysia. In this case, the Malaysian government decided to apply sales tax on tourism sales. Using simple illustrations, explain the impact of the sales tax on the seller, buyer, and the government.

Stuck in Completing this Assignment and feeling stressed ? Take our Private Writing Services.

Get Help By Expert

Searching for someone to write my essay cheap on  ECO2103: Principles of microeconomics then our professional essay writers surely assist you to prepare an excellent essay paper on ECO211 Macroeconomics UiTM Assignment, BBEK1103 Principles Of Microeconomics Assignment, and ECO162- Microeconomics Assignment etc many more at the cheapest price.

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

51770+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

ACC406 Intermediate Financial Accounting And Reporting Assignment Example UiTM Malaysia
This course is designed to provide a fundamental understanding of the basic accounting concepts and principles, with an emphasis on preparing financial statements for merchandising enterprises. The procedures covered include…
Accounting
ECE513 Multimedia Systems And Applications Assignment Example UiTM Malaysia
The knowledge of multimedia systems and applications can seem overwhelming for those who are just getting started, but this course provides essential understanding to the underlying hardware/software developments. The multimedia…
Computer & It

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now

Get Assistance for Assignments, online Exam, and Projects Writing