Suppose You Own A Small Firm That Produces And Sells

Suppose you own a small firm that produces and sells Alabad soft drink in Khobar.

  1. What economic impact do you think COVID-19 would have on the products/company, and what measures would you likely take as a manager/owner of the company. (Draw any graph if you think it is necessary).

 

  1. What would happen to total revenue when you realize that the product is
  1. Elastic                                                  ii) Inelastic