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The Case:

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

Requirements:

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

results.

c. How would the decrease in petrol prices have affected the market

equilibrium of automobile industry? Illustrate graphically.

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Replies to This Discussion

ab kisi se graph bnty hain word p???

Salaam brother kindly full assignment to dobara upload kr dijieyga pehle wali to show nhi ho rhi

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 

Attachments:

One more 

Attachments:

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 ...

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