Answer to Question #121244 in Microeconomics for Yusra

Question

Q1. The following video contains a news report related to fruit and vegetable prices in Karachi,
Lahore and Peshawar.
https://www.youtube.com/watch?v=-sya5eCfwtA
Current Scenario | Prices of vegetables, fruits skyrockets in Pakistan | 28 April 2020 |
92NewsHD
Analyze the situation in Karachi and Lahore as reported here using demand and supply
framework (with the help of graphs).
Specific requirements: Draw demand and supply curves for the market of fruits and vegetables
in Karachi and Lahore (Don’t need to sketch graph for each fruit or each vegetable, just single
curve for fruits and single curve for vegetables is sufficient)

Answer 1

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