must answer both questionin 400 wordand introduction and conculsion in 100 words and must hardward style refernces. total 500 words.

must answer both questionin 400 wordand introduction and conculsion in 100 words and must hardward style refernces. total 500 words.

Q.1

During the 1990s , technological advance reduced the cost of computer chips. explain with the use supply and demand diagrams ,how the following markets are affected in terms of prices and quantities.

(1) computers

(2) computer software

(3) type writers

must add diagarm please

Q.2

the australian government administers two programs thataffect the market for cigarettes.first, media companies,andlabelling requirement are aimed at making public aware of the dangers of cigarette smoking. second,there is a tax on cigarettes.

(a) with use of a graph,explain how these two programs affect cigarette consumption,

(b) explain the combined effect of these two programs on the price of cigarettes.

Note: please don't copy paste from internet.