ECON1025: Prices and Markets With a growing economy, people are moving towards a more technologically advanced lifestyle. This has affected the retail industry. More people are buying things via online shopping. Using the demand-supply model, explain these phenomena in the retail market. Advise which market interventions, if any, the government should conduct in these markets and why.

With a growing economy, people are moving towards a more technologically advanced lifestyle. This has affected the retail industry. More people are buying things via online shopping. Using the demand-supply model, explain these phenomena in the retail market. Advise which market interventions, if any, the government should conduct in these markets and why.