1. (5 points) Answer the following questions about the market for vaccines a. (3) During the flu season, there was a widespread ad campaign encouraging people to get tlu vaccinations. In the same season, there was a technological improvement in the manufacturing of hypodermic needles that make them cheaper to make. What happens to the supply and demand for flu vaccines? What is the impact on equilibrium price? Equilibrium quantity? Explain your reasoning. 1. First, examine how each event would impact the market for flu vaccines on supply and demand separately, and explain the impact on the equilibrium price and quantity of each change separately (holding all else constant). ii. Second, show how both events would atfect the market together and explain the combined impact on equilibrium price and quantity. b. (2) Let's think about b) under a different scenario. Still, in the flu season, there was a widespread ad campaign encouraging people to get flu vaccinations. However, now suppose there is a large storm that limits the supply of eggs in the market, a ke ingredient in the flu vaccine. What is the impact on the equilibrium price and quantity? Explain your reasoning. 2. (3 points) Using the tools of supply and demand, explain the impact of decriminalizing sex work on the equilibrium price and quantity of commercial sex. How would it impact the overall size of the sex market? What happens to price? Please explain your reasoning