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Examine the effects on the equilibrium price

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Using demand and supplg, r curves, examine the effects on the equilibrium price and quantity in each of the following events:

(a) Government sets a price ceiling on Covid-l9 screening test kits to make them accessible and affordable to all citizen in Malaysia.

(b) Due to the increasing Covid-19 cases, the government is encouraging the citizens to wear the N95 mask instead of the 3-ply medical mask. (Note: Analyse based on the 3-ply medical mask market.)

(c) The producers of COVID-l9 vaccines expect the price of Sinovac COVID-IQ' vaccine to rise upon the validation of this vaccine by the World Health Organisation (WHO) for emergency use on 1 June 2021.

Reference no: EM133131673

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