a.Keeping the present rate of inflation (increase in the general price level) in mind, consumers living in Karachi are anticipating that the price of tomatoes will go up just like it did last year in November. In your opinion explain if there would be any impact on the current demand for tomatoes or not. Also, if there would be any change elucidate the movement or shift in the demand curve graphically.

b.Suppose that Zimal and Zawaiyar are the only consumers of perfumes in a particular market. The following table shows their annual demand schedules:

Price (Per Bottle of Perfume) Zimal's Quantity Demanded

100 600

200 500

300 400

400 300

500 200

600 100

Zawaiyar's Quantity Demanded Market Supply

650 250

550 450

450 850

350 1050

250 1250

150 1450