Discus the evolution of the different components of consumption (non durable goods, durable goods, and services) during the recent covid shock and the expected future evolution.

Supply and Demand 1. Supply-demand theoretical questions:• What is a demand schedule? What is the quantity demanded?• What is a shift in the demand (curve)?• Again, shift in demand: What happens when the price of a substitutegood increases?• How does the market demand curve differ from an individual demandcurve?2. Explain how the following factors will […]