Please find the 2 questions below: Exercise 1 This exercise is about analyzing t

Please find the 2 questions below:
Exercise 1
This exercise is about analyzing the economic impact of some event.
a) Start with a recent event that you find interesting. Describe that event, provide the relevant
documentation (that is, sources like news articles), and justify your choice.
b) Conduct a market analysis of the said event in one relevant market.1 Your answer must be
supported by convincing arguments as well as graphical analysis in tandem with your
interpretation/analysis. It is important that you prepare your own graphs.
Exercise 2
This exercise is about market failure.
a) Provide a real-life example of market failure.
b) Explain what type of market failure your example illustrates by providing convincing arguments.
1
First, identify one market affected by that event; explain why this market is of relevance in the context of event that you study. Second, determine how (if at all) demand curve and supply curve are affected. Third, find the new equilibrium and compare it to the initial equilibrium (that is, changed in price and quantity).
for the first exercise I want you please to write it on how FIFA world cup 2022 affected the hospitality and tourism industry, and please use articles.