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#question.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.
(a) Computers
(b) Computer software
(c) Typewriters
Question 2 (15 marks)
The Australian government administers two programs that affect the market for cigarettes. First, media campaigns and labelling requirements are aimed at making public aware of the dangers of cigarette smoking. Second, there is a tax on cigarettes.
(a) With the 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.

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