Question: 1. a explain how the following situation would affect a nations production possibility curve a switch to online delivery increases access to education in a

1. a explain how the following situation would affect a nations production possibility curve

a switch to online delivery increases access to education in a nations collages and university. what happens to ppf and explanation

b. explain how the following situation would affect a nations production possibility curve

the quality of education in the nations collages and university increases greatly . what happens to ppf and explanation

2. carefully explain what is happening in the following markets. indicate the impact if any on demand, supply, price and quantity:

a) in the market for airline tickets, airline cariers have drastically cut fares for international travel resulting in 3% increase in ticket sales. meanwhile, recent health considerations due to covid 19 have caused an 11 % reduction in the demand for international travel.

b) in the market for housing, house prices are expected to increase significantly in the near future

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