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The Automobile industry has been an active and growing field in Pakistan.
There are many reasons which affect demand and supply of cars in
Pakistan. A few reasons are car financing facility, CNG, petrol prices and
law and order situation of the country. The decrease in the price of
petroleum products is current and acute reason to affect this industry. This
situation is creating problems for petroleum products producing countries
on one side and at the same time, providing relief and advantage to the
consumers. Suppose, quantity demanded and quantity supplied equations
for automobile industry is given below:
Qd = 97650 – 5P
Qs = 650 + 3P
Keeping in mind the above scenario, solve the following questions.
a. Find equilibrium price and equilibrium quantity for automobile
industry. Also show equilibrium condition graphically.
b. Find out the price elasticity of demand and price elasticity of supply
of automobile industry when it is in equilibrium and interpret the
c. How would the decrease in petrol prices have affected the market
equilibrium of automobile industry? Illustrate graphically.
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ab kisi se graph bnty hain word p???
ab to graph bna ke post kiye hain word p bna ke share kr do yr
koi share krne wala nhe hai
plz help kar do graph
ECO402 Assignment#01 Solution Check it at below
ye graph kahan se bnaye hain
mean kis thran bnaye?
bhai mere jo graph ap ne bnaye hain wo tiq nhe hain .upload na kr dena assignment wrna marks nhe mily ge.agay ap ke mrzi jo tiq lgy
plz koi help kara assignment baj dai sahi wali ...