hi first year student BBA and struggling with economics: i have the following three questions: hormone free dairy milk has been found to be potentially more beneficial and healthy.consider the market for this product in south africa. 1.explain and show graphically how this market would be affected if south africans chose to be more healthy2. graphically show how this market would be affected if there is an increase in the number of dairy farmers that produce hormone-free milk at the same time in SA consumers chose to be more healthy3. lastly if the income elasticity of demand for hormone-free milk is estimated as +5.0 briefly define what this value means and what it implies about the nature of the product4. what is meant by market failure5. explain what free market system is6. as the price of good increase the change in the quality demanded can be shown by?7.