During the novel coronavirus (COVID-19) pandemic, governments around the world have introduced lockdown measures and travel restrictions that severely reduced the trade of many small businesses

During the novel coronavirus (COVID-19) pandemic, governments around the world have introduced lockdown measures and travel restrictions that severely reduced the trade of many small businesses. Governments are concerned about business closures, loss of income and unemployment in the markets concerned and are 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 in these markets and why.