Q1. The following video contains a news report related to fruit and vegetable prices in Karachi, Lahore and Peshawar.

https://www.youtube.com/watch?v=-sya5eCfwtA Current Scenario | Prices of vegetables, fruits skyrockets in Pakistan | 28 April 2020 | 92NewsHD

Analyze the situation in Karachi and Lahore as reported here using demand and supply framework (with the help of graphs). Specific requirements: Draw demand and supply curves for the market of fruits and vegetables in Karachi and Lahore (Don't need to sketch graph for each fruit or each vegetable, just single curve for fruits and single curve for vegetables is sufficient).

Q2. A news piece regarding Sugar inquiry commission report is available at the following link.

https://dunyanews.tv/en/Pakistan/546488-Govt-makes-Sugar-inquiry-commission-report-public Read the report carefully. With the help of graph, analyze the possible consequences of setting price floor of sugarcane below equilibrium price. Compare your conclusions with the ones, stated in this report.

Q3. The following link contains a news piece, analyzing the effect of COVID -19 on the market for hand sanitizer.https://www.financialexpress.com/industry/local-brands-regional-brands-eat-up-market-of-topfmcg-hand-sanitizer-players-as-demand-zooms-due-to-coronavirus-lockdown/1931309/

In light of this report, what inferences can be drawn regarding the price elasticity of hand sanitizers (For top three and the rest of local brands) before and after COVID-19? What are the economic consequences for the top three players and the local brands of sanitizers?

Q4. The following link is related to the oil price crash.

https://tribune.com.pk/story/2203774/2-pakistan-fails-benefit-oil-price-crash/

Link the issues highlighted in this report with the short run production of a firm which operates in Industrial sector and suggest the way forward to cope with the issues highlighted in this report.