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
- Software Engineering Assignment, UOM, Malaysia Software reuse is a significant software engineering research field as well as a popular practice area in the industry
- 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
- BAMS1743: Jan-2024- Quantitative Methods, Assignment , TAR UMT, Malaysia
- HRM3183: KS Cleaners (KSC) is a small company that provides several services to its customers: dry cleaning of clothes: Performance Management Case Study, UPTM, Malaysia
- LAW511: Postmodernism re-opens and unsettles the legal concepts which had been previously thought: JURISPRUDENCE II Assignment, UiTM, Malaysia
- Cyber Security Case Study, APU, Malaysia Develop a Secure Cloud Storage that can encrypt and decrypt the files using AES and RSA cryptography
- Which AI models are utilized for software defect prediction, and are there emerging models gaining traction?: Research Paper Malaysia
- To construct Equity fund performances of South Korea for 2018 until 2023 using early performance measurement techniques namely Sharpe: Mutual Fund Management, Assignment, UMS, Malaysia
- Accounting Assignment, UPM, Malaysia Tujuan tugasan ini adalah untuk meningkatkan kcholchan pclajar mernahamt transaksi transaksi perakaunan
- Quantitative method for business Assignment, LU, Malaysia: The flagship state campuses are led by a Rector and smaller campuses are led by a Coordinator
