Answer to Question #147986 in Microeconomics for prudhvi

Question

Q 2 Using demand and supply diagram, explain each of the following cases:
a) Rains affected the onion storage in Maharashtra, Madhya Pradesh, Gujarat and other states, driving up the wholesale prices. On Sept 14, the central government announced ban on export of onions. Import norms have been relaxed to allow entry from Iran, turkey and other onion-producing nations.
c) During covid19 many farmers in UK threw thousands of litres of milk away.

Answer 1

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