ECON5501 MANAGERIAL ECONOMICSGROUP PROJECTDue date: End of the 12thWeek of Class (January 29, 2020) via email.One or two students per group.In class, we have discussed the determinants of demand, such as price, income, price ofrelated goods, number of consumers / population, taste and preferences, and governmentsubsidy / tax. We also have discussed the determinants of supply, such as price, price ofinputs, price of related goods in production, and number of producers.Now, pick a specific good (such as Coca-Cola) or a group of goods (for example soft drink),and analyze this good or a group of goods based on the above determinants of demand andsupply. Your analysis must be supported by data. You may retrieved these data from various sourcessuch as the company’s website, Statistic Department, Bank Negara, Ministry of Finance, andMinistry of Agriculture.I expect you to write between 20 – 30 pages; doubled spaced; 12 fonts. Make sure you writeyour reference at the end of the paper.Suggested topics:(1)Hotel industry in Kuala Lumpur / Beijing / you’re your hometown,(2)Tourism industry in Langkawi / Kuala Lumpur / Malaysia / Beijing / China,(3)Solar power industry, Hydro power industry, Nuclear power industry(4)Automobile industry …..(5)Oil Palm industry..(6)Pharmaceutical industry (7)Foot ware(8)Electronic industry(9)Computer industry(10)KFC, McDonald, and other fast food industry(11)Vintage car(12)Antique.If you have any question, please feel free to consult me.