Consider a market for Ice Cream an inferior good in Pakistan. For each of the given events, indicate the direction of the shift of supply or demand and show its effects on price and quantity sold. (Hint: Graph is not needed. You can draw graphs in your notebooks for your own understanding.)
News reports claim that the consumption of Ice Cream is good for the health of coronavirus patients. (1 Mark)
There has been a decline in wages of all employees in Pakistan due to the third wave of coronavirus. (1 Mark)
People in Pakistan decide to have more children. (1 Mark)
Students of NED University develop new automated machinery for the production of Ice Cream. (1 Mark)
There has been a decrease in people’s income due to COVID-19 crisis. (1 Mark)
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विशेषण शब्द के उदाहरण क्या हैं? विशेषण शब्द के उदहारण : बड़ा, छोटा, नाटा, लम्बा, अच्छा, बुरा, मैला, मीठा, खट्टा इत्यादि हैं. जैसे: रमेश अच्छा लड़का हैं. उपयुक्त वाक्य में लड़का एक व्यक्तिवाचक संज्ञा हैं.
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