Question: Answer the following questions comprehensively by providing examples and concepts from the module : DEMAND AND SUPPLY FOR DOMESTIC AIRLINES OR FLIGHTS IN THE PHILIPPINES

Answer the following questions comprehensively by providing examples and concepts from the module:

DEMAND AND SUPPLY FOR DOMESTIC AIRLINES OR FLIGHTS IN THE PHILIPPINES BEFORE AND DURING COVID-19

  1. Determine sources of demand and supply, as well as factors that will cause shifts and movements in the demand and supply for the good/service.

PRICE ELASTICITY OF DEMAND AND SUPPLY FOR DOMESTIC AIRLINES OR FLIGHTS IN THE PHILIPPINES BEFORE AND DURING COVID-19

  1. Describe the price elasticity of demand and supply for the good/service and identify factors that could affect changes in elasticity in the long run.

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