NOTE: When you solve this activity, you have to suppose that you are living in Pakistan

(Pakistani resident).

Identify the following scenarios whether the scenario belongs to CPI or GDP deflator or both;

Also state whether 1: Rise; 2: Fall; 3: Doesn't Change.

a)Agha Juice raises the price of Iced Coffee with cream.

b) Millat tractors raises the price of industrial tractors it manufactures at its Lahore factory

c) Chase-up Stores raises the price of Italian jeans it sells in the Pakistan.