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Mapping Australian higher education 2016 1. Discuss what is the product/service referred to in the report? Is the product elastic or inelastic?
Mapping Australian higher education 2016
1. Discuss what is the product/service referred to in the report? Is the product elastic or inelastic?
2. What is the supply demand and market like for this product/service? (see pages 92-98)
3. What are the possible substitute and/or complementary products for the one mentioned in the
report?
4. Are the Positive or Normative statements mentioned anywhere?
5. Do you observe any indication of shift in demand/supply and where do you believe the equilibrium
happens?
6. What is the influence of tax on the product/service? (See pages 44-47).
7. Surplus/shortage of the product/service in Australian higher education
8. When appropriate provide appropriately labelled graphs for above questions.
