Answer to Question #182511 in Microeconomics for Abdus

Question

 You need to make the budget of your home with the help of your parents and analyze the

budget during the month of Ramadan-Karim. Also, highlight the significant changes you’ve

seen with the commence of holy month Ramadan-Karim. The facts and figure must be

rational and logical (don’t just put figures randomly but get the prices data from the market

because I’ll check the same from the markets).

Answer 1

2Kg Wheat chapati flour at ksh 120

2kg Cooking Oil at Ksh 200

2Kg Rice at Ksh 240

2kg Sugar at ksh 240

1 loaf of bread at ksh 55

Total amount = Ksh 855

Some commodities have changed their price for example bread from ksh 50 to 55. The changes were effective immediately after lockdown.