Yes Miss Fatin, I already done yesterday question. Basically, the question asked us to
show the change in equilibrium for demand of Grab services during Hari Raya
Aidilfitri.
FULL ANSWER FOR QUESTION 3
So, based on the graph, the equilibrium point is achieved at a Price where demand and
supply curve intersect at point E1.
During Hari Raya Aidilfitri, the demand for Grab services will increase significantly.
This is because people want to visit their relatives houses. This Grab services is much
more needed by those who do not have their own transportation. In addition, Grab
provided better mode of transportation which is more comfortable and have a flexible
service schedule rather than other public transports. This is why demand for Grab will
increase during Hari Raya.
So, the demand curve will shift to the right from D1 to D2 and created a new point of
equilibrium at point E2.
Then, the price for Grab services will tend to rise from P1 to P2 due to an increasing
quantity of demand for Grab from Q1 to Q2.
FULL ANSWER FOR ADDITIONAL QUESTION
Question : In your opinion, what do you think will happen to the demand for Grab
services during the Movement Control Order (MCO) ?
Answer : In my opinion, I think the demand for Grab services during MCO will
decrease significantly. This is because people are not allowed to go out from their
houses during MCO unless they have emergency or urgent matters. There are also