a. Keeping the present rate of inflation (increase in the general price level) in mind, consumers...

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a. Keeping the present rate of inflation (increase in the general price level) in mind, consumers living in Karachi are anticipating that the price of tomatoes will go up just like it did last year in November. In your opinion explain if there would be any impact on the current demand for tomatoes or not. Also, if there would be any change elucidate the movement or shift in the demand curve graphically. b. Suppose that Zimal and Zawaivar are the only consumers of perfumes in a particular market. The following table shows their annual demand schedules: Zawaiyar's Quantity Demanded Zimal's Quantity Price (Per Bottle of Perfume) Market Demand Demanded 100 600 650 200 500 550 300 400 450 400 300 350 500 200 250 600 100 150 Given the following information construct market demand curve. a. Keeping the present rate of inflation (increase in the general price level) in mind, consumers living in Karachi are anticipating that the price of tomatoes will go up just like it did last year in November. In your opinion explain if there would be any impact on the current demand for tomatoes or not. Also, if there would be any change elucidate the movement or shift in the demand curve graphically. b. Suppose that Zimal and Zawaivar are the only consumers of perfumes in a particular market. The following table shows their annual demand schedules: Zawaiyar's Quantity Demanded Zimal's Quantity Price (Per Bottle of Perfume) Market Demand Demanded 100 600 650 200 500 550 300 400 450 400 300 350 500 200 250 600 100 150 Given the following information construct market demand curve.

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Ans A Given Price of tomatos had risen in november during last year So because of past inflation peo... View the full answer