Question: Using demand and supply curves, examine the effects on the equilibrium price and quantity in the education industry in Malaysia for each of the following

Using demand and supply curves, examine the effects on the equilibrium price and quantity in the education industry in Malaysia for each of the following situations: (a) Due to the COVID-19 pandemic, the government has enforced the Movement Control Order (MCO) since 18 March 2020 requiring all academic institutions to close down temporary. (5 marks) (b) The MCO has restricted all international flights from entering Malaysia. (5 marks) (c) Students expect that the Recovery Movement Control Order (RMCO) which was enforced as of 9 June 2020 will be completely lifted up by 31 August 2020

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