Question: The first question and the second question. This is about price and market subject OKB/: OKB/: 19% A 5 6 7 ECON1020 Exam S1 2020
The first question and the second question. This is about price and market subject

OKB/: OKB/: 19% A 5 6 7 ECON1020 Exam S1 2020 - ER/730 Big Mac BB 14 15 # A A Aav Ap abcA A a =_ AV 21 # It #It fan of soy yoghurts, but recently she has noticed less soy yoghurts on shelves, with new alternative products such as almond milk yoghurt appearing What effect does the entrance of new firms have on the market for almond milk at effect does this have on the market for soy yoghurt? What does this tell us oss-price elasticity of demand for soy yoghurts? Di you think soy yoghurt and yoghurt are substitutes or complements in consumption and why? What effect do ducts have on the own-price elasticity of demand for soy yoghurts?~ 12.5 marks lecturer of a large class of economics students. Sahar can't stand being ill and so get a flu vaccination. On the other hand, some of Sahar's colleagues decide to skip inations because they are too busy. Do the lecturers' decisions on whether or not to ated affect their students and if so how? Describe any market failures that arise from tion. Describe how the government can address any of these market failures. What of the potential downsides to government intervention in this case?~ 12.5 marks- on 3- ns a small business conducting online economics tutorials. He has recently noticed a flux of competitors to this market. There are now over 50 companies conducting online mics tutorials in Melbourne alone, each with their own technology and style of teaching. kind of market structure is this? Make sure you examine each of the characteristics of t structure in your answer. Explain whether the government should be worried about E W W MacBook Pro
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