BUSINESS ECONOMICS

ASSIGNMENT

SAUD AHMED
20181-23701
Submit to: Dr. Noman Saeed
Used car imports plummet by 74pc
KARACHI: Following government’s Jan 15 decision to mandate
payment of duties and taxes on imports of used cars in foreign
exchange to be arranged by Pakistani nationals themselves or local
recipients supported by bank encashment, imports of used cars
plummeted by 74 per cent in February — lowest in the last five years.

Increase in Imported Vehicle's Demand

6

4
P1
Price

3 P

0
Ǭ Q1
1 2 3 4
Quantity
Supply Demand Demand Increase

Bird flu scare hits chicken sales

KARACHI: People are reluctant to purchase chicken over the last
two days after the news that bird flu has hit neighbouring countries,
especially India and Iran.

Decrease in Chicken's Demand

6

4
P
Price

3 P1

0 Q1 Ǭ
1 2 Quantity 3 4
Supply Demand Demand Decrease
CNG price likely to be increased by Rs22 per
kilo next week.
KARACHI: The price of compressed natural gas (CNG) is likely to be
increased by Rs22 per kilogram following the 40 per cent hike in the
gas tariff, it emerged on Saturday.

Increase in Demand of CNG due to Increasing

6
Expected Price
5

4
P1
Price

3 P

0
Ǭ Q1
1 2 3 4
Quantity
Supply Demand Demand Increase

Unlicensed edible oil imports banned

ISLAMABAD: The government has decided to ban import of edible
oils by unlicensed importers to maintain quality control in the
vegetable ghee industry.

Decrease in Edible oil's Supply

6

4
P1
Price

3P

0
Q1 Ǭ
1 2 Quantity 3 4
Supply Demand Supply Decrease
Tomato price hits record high at Rs400 a kilo
in Karachi
KARACHI: The price of tomato hit a record high in Karachi on
Tuesday and reached Rs400 per kilogram from Rs300-320 per kg on
Monday.

Increase in Yogurt's Demand

6

4
P1
Price

3 P

0
Ǭ Q1
1 2 3 4
Quantity
Supply Demand Demand Increase