During the novel coronavirus (COVID-19) pandemic, the Singapore
government introduced lockdown measures and travel restrictions
that severely reduced the trade of many small businesses. Singapore
government is concerned about business closures, loss of income and
unemployment in the markets concerned and is considering further
interventions especially as the danger from the virus is beginning
to subside. Using the demand-supply model, explain these phenomena
in one or two markets of your choice. Advise which market
interventions, if any, government should conduct...