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  • Assignment No2 Microeconomics

    Transféré par

    Syed Atif Ali
    116 vues6 pages
    Definitely in winter the demand of eggs will be increased due to increasing demand, the supply of eggs will also increase and new equilibrium is achieved as mentioned in above graph. 4. Electricity = new dams have been built, many industries have completed their plant on coal. 5. MBA = Every organization is looking for MBA, at the same time substantial MBAs schools are not permitted to carry on their activities.

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    Definitely in winter the demand of eggs will be increased due to increasing demand, the supply of eggs will also increase and new equilibrium is achieved as mentioned in above graph. 4. Electricity = new dams have been built, many industries have completed their plant on coal. 5. MBA = Every organization is looking for MBA, at the same time substantial MBAs schools are not permitted to carry on their activities.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    116 vues6 pages

    Assignment No2 Microeconomics

    Transféré par

    Syed Atif Ali
    Definitely in winter the demand of eggs will be increased due to increasing demand, the supply of eggs will also increase and new equilibrium is achieved as mentioned in above graph. 4. Electricity = new dams have been built, many industries have completed their plant on coal. 5. MBA = Every organization is looking for MBA, at the same time substantial MBAs schools are not permitted to carry on their activities.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 6

    Assignment No.

    Micro Economics

    SYED ATIF ALI

    GR NO. 230633
    1. Wood burning stoves = Prices of oil + gas increases

    Price

    New Supply

    Initial Supply

    New demand

    Initial demand

    Quantity
    Initial Equilibrium

    New Equilibrium

    When the price of oil and gas increases, the demand of wooden stove decreases
    because kerosene oil is used for the burning as fuel. On the other hand, due to low
    demand, the supply of wooden stove will also decrease due to which prices of stove will
    be increased and new equilibrium is obtained as mentioned in above graph.
    2. Eggs = Winter has come, people like to have eggs in winter

    Price

    New Supply

    New demand

    Initial Supply

    Initial demand

    Quantity
    Initial Equilibrium

    New Equilibrium

    Definitely in winter the demand of eggs will be increased. Due to increasing demand, the
    supply of eggs will be increased and new equilibrium is achieved as mentioned in above
    graph.
    3. Chicken = Eid occasion is coming at the same time price of chicken feed
    increases

    Price

    New Supply

    New demand

    Initial Supply

    Initial demand

    Quantity
    Initial Equilibrium

    New Equilibrium

    During Eid, the demand of chicken will be increased but due to escalation of chicken
    feed prices, the price of chicken will also increase and price of chicken will also
    escalated and new equilibrium is achieved as mentioned in above graph.
    4. Electricity = New dams have been built, many industries have completed
    their plant on coal

    Price

    New Supply

    Initial Supply
    New demand

    Initial demand

    Quantity
    Initial Equilibrium

    New Equilibrium

    Due to capital investment by the companies to build their own Electricity generation
    plant, the demand of electricity from town power supply will be decreased. However due
    to construction of dams and capital investment by the government for the construction of
    these dams, the price of electricity will be decreased and supply will increase.
    5. MBA = Every organization is looking for MBA, at the same time substantial
    MBA schools have not permitted to carry on their activities

    Price
    New Supply

    New demand

    Initial Supply

    Initial demand

    Quantity
    Initial Equilibrium

    New Equilibrium

    Due to increasing demand of MBAs in the market the demand line shift up but on the
    other hand, substantial MBAs schools are not permitted for their activities therefore
    supply of MBAs in the market decreases therefore supply line shift up and overall new
    equilibrium is set as shown in above graph.

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