ECO2103: Principles of Microeconomics Essay, IIU, Malaysia The global spread of covid-19 impacts all the industries throughout the world
| University | INTI International University (IIU) |
| Subject | ECO2103: Principles of microeconomics |
Questions
i) The global spread of covid-19 impacts all industries throughout the world. However, some industries 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 can 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 that the tourism industry was doing fine in Malaysia. In this case, the Malaysian government decided to apply a sales tax on tourism sales. Using simple illustrations, explain the impact of the sales tax on the seller, buyer, and the government.
Recent Solved Questions
- DED5074: School Effectiveness and Improvement Report, MSU, Malaysia Henry Mintzberg opines, “Simply because all the decisions cannot be understood at one centre, in one brain
- History Assignment, UniKL, Malaysia He was the son of Abeto Fasil, as well as the grandson of Abeto Yakob and the great-grandson of Dawit II
- Essentials of Fintech Assignment, APU, Malaysia The Securities Commission Malaysia (SC) is keen to work with intermediaries and financial technology providers to employ
- Master of Project Management Assignment, OUM, Malaysia Does the scope of the project appear to have been clearly defined upfront and Is there any evidence of an effective risk assessment process
- Fundamentals of Finance Assignment, MUM, Malaysia PYG Berhad inventory is held on average for 50 days, account receivable is collected in 20 days, and account payable
- Wellness Assignment, MUM, Malaysia A therapeutic diet is a meal plan that controls the intake of certain foods or nutrients. It is part of the treatment of a medical
- BBF30403: AKA Sdn Bhd a logistic company wish to raise additional fund via equity in stock exchange: Corporate Finance Assignment, WOU, Malaysia
- BBGO4103: Organisational Behaviour Assignment, OUM, Malaysia Share an issue of organizational behavior in your workplace. ‘People’s job performance decreases as they age
- STA404: Statistics for Business and Social Sciences Assignment, UiTM, Malaysia The depression scores of 25 patients were recorded before and after they had undergone therapy
- BNNS6433: The infection typically starts in the lower urinary tract as a urinary tract infection (UTI): Genitourinary & Endocrine Nursing Assignment, LUC, Malaysia
