1. Coronavirus has become a serious gloabl threat. In this context answer the following questions:

(a) Explain the health cost of Coronavirus in Australia.

(b) Use demand and supply diagram to show the impact of Coronaviruson the Australian tourism industry.

(c) Use demand and supply to discuss the impact of Coronavirus on the textbook industry in Australia. Discuss elasticity in your answer

requiring application of economic theories to real world problems and issues