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.
Stuck in Completing this Assignment and feeling stressed ? Take our Private Writing Services.
Recent Solved Questions
- Data Structure Assignment, SU, Malaysia The buycar is a used car reseller situated in Seri Kembangan, Selangor, Malaysia. The business owner is planning
- Anti-Money Laundering & Counter Financing of Terrorism Practices Assignment, ICTA, Malaysia Describe the breaches of US sanctions committed by ABC in respect of the three (3) sanctioned countries
- HBEC2203: Early Childhood Education Curriculum Assignment, OUM, Malaysia According to the National Association for the Education of Young Children, there are eight indicators that show
- Quality management Report, UKM, Malaysia Discuss the steps to implement quality improvements in a manufacturing company
- MPCF7113 – Final Assessment, CU, Malaysia – Corporate Finance, Case Study
- HMEF5113: Statistics for Educational Research Assignment, OUM, Malaysia Dataset for Assignments 1 and 2 May 2023 Sav was extracted from an experimental research study that was undertaken
- BUSN6120: Managerial Economics Assignment Malaysia Given a linear demand function of the form qxd = 500 – 2px – 3py + 0.01m, find the inverse linear demand function assuming m = 20,000 and py = 10
- EBE1083: Exploring Post-Pandemic Macroeconomics: Challenges and Opportunities: Principles of Macroeconomics, Assignment, UNIMAS, Malaysia
- NBBS3303: Communication and Counselling Skills for Nurses Assignment, OUM, Malaysia Demonstrate knowledge and understanding of the specific skills that are essential for counseling and in healthcare
- DFN5214: Fundamentals of Finance 2 Assignment, MMU, Malaysia Mutiara Berhad is interested in measuring its overall cost of capital. The current investigation has gathered the following data
