Group Assignment 1 (ME, PGPWE, Term I, 2023-24)

20 Marks
Assignment should be submitted on or before May 20, 2023
Q1. Apply the theory of supply and demand to analyse and make predictions about
how policies affect market outcomes. Find a recent article (within the last 6 months)
published in a credible news outlet that discusses a government policy that affects a
market in India. Please choose an article discussing an issue as specific as possible.
(a) Briefly describe the policy and the market. Include the original article as an
Appendix to the GA submission (The article as an appendix attachment will be
ignored for the purpose of plagiarism screening).

(b) Analyse and discuss how the issue described in the article is expected to affect
the market. In your analysis, ensure you address the following points: How, and
why, is the policy expected to affect (or not affect) supply and demand, both in
terms of potential shifts as well as changes in elasticity; What are the predicted
effects (if any) on the equilibrium price and quantity. Provide a supporting
graphical analysis.

Q2. Briefly outline a past case in CCI involving anti-competitive conduct, and where
the Competition Commission ruled against the firm(s) / industry. Identify the main
economic reason given for the competition commission’s ruling. Then, provide a short
appeal against the competition commission’s ruling. You may find a list of past cases
on CCI’s website. Please attach the Media Release as an appendix to your GA
submission, if possible.