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i need full answers for all questions please Question 1: Evaluate how the following situations will affect the demand curve for iPods (8 Marks). A.

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i need full answers for all questions please

Question 1: Evaluate how the following situations will affect the demand curve for iPods (8 Marks). A. Income statistics show that the income of 18-25-year-old Saudi citizens has increased by 10 percent over the last year. B. Believing that it has significant control of the portable digital music players market, Apple decides to raise the price of iPods to increase profits. C. The price of movie tickets decreases. (Hints: Justify your answers!! Draw the diagrams on a sheet of paper first and then work out the answer.) Question 2: Because of a legal settlement over state health care claims, in 2018 the Saudi tobacco companies had to raise the average price of a pack of cigarettes from SR15 to SR25. The projected decline in cigarette sales was 10 percent (that means the quantity of demanded cigarettes declined by 10% ). What does this imply for the elasticity of cigarettes? Explain your answer fully by performing the relevant calculations (7 Marks). Question 2: Write the different aspects of market failure

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