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.