Please solve this attachment of MicroEconomics
a. Before, lockdown due to COVE-19, the market for Mobile phones and Headphones in Karachi are at equilibrium with anequilibrium price of 3;, 50,000 and equilibrium quantity of 20,000 in the mobile phone market, and equilibrium price of Rs.1500 and equilibrium quantity of 12,000 in Headphone market. After the reopening the markets, and business in Karachi, the price of cell phones has increased from R350, 000 to as, 20,000. What will be the impact of the increase in the price of cell phones in both the markets? Explain by using graphs. Draw the graphs for both the markets separately, labeling everything clearly. (2 Marks, 50L150 words) b- Consider a market for ice cream a normal good in Pakistan You are supposed to analyze and discuss the effect on the equilibrium output and the price in the ice cream market in Pakistan for May, 2020 after the following changes (Other things held constant). In each case, explain your answer using supply and demand diagram (4 Marks, 50250 words) i. There has been a decrease inpeople's income and a rise in the price of sugar (an input for making ice cream) in Pakistan during 2020 due to COVE-19 crisis simultaneously. ii. News reports on May 5, 2020 claim that the consumption of ice cream is good for the health of patients with coronavirus. iii. An improvement in technology that allows ice cream to be built at half the cost in Pakistan during 2020. iv. The weather has changed suddenly and the temperature reached 40 \"C in May 2020 in Pakistan c. Briey explains the law of demand and the law of supply with the help of examples. Draw graphs for each. (2 Marks, 100200 words} d- What do you mean by excess demand and excess supply? What happens to price and quantity to achieve equilibrium when there is excess demand and when there is excess supply? Explain by using a graph (2 Marks, 50200 words) A