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Coronavirus has become a serious global threat. In this context answer the following questions: (a)Explain the disruption in trade in Australia. (b) Use demand and

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

(a)Explain the disruption in trade 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.

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