Q1. What factors affected the supply of onions during the period of December 2010 to January 2011? Q2. What factors had affected the demand for onions? Which of these are long-run in nature and which are short-run? Q3. What perception have you formed regarding supply and demand curves for onions in the short-run compared to the medium and long-run? How were these curves affected by the situations depicted in the case, and what was their impact on the market? Q4. Consumer adjusted their demand for onions due to a substantial increase in the price of onions. Many households that had been using two onions a day reduced their consumption to one. Can this adjustment be described as a movement along the demand curve or a shift in the demand curve? Q5. Were speculative activities affecting demand for or supply of onions? Q6. What type of market structure do the participants in the onion market face? Justify your answer. Q7. Why did the government intervene in the onion market when onion prices registered a sharp rise? Q8. In January 2011, the government intervened in the onion market to bring prices down to Rs. 35. Was this an attempt to enforce a price ceiling or a price oor? How did it clear the market? Q9. From time to time, the government announces minimum export prices. Do they constitute ceiling or oor prices? Who is expected to benet from these prices? Explain using a diagram. QIO. Who pays the price for the government's interventions in the onion market? Q11. Explain the impact of market forces and the government's intervention in the form of a price ceiling on the onion market using a diagram. Q12. Should the government continue to subsidize onion prices in the event of a large supply shortage or should it incur large investment expenditures to construct scientific cold storage facilities to provide long-run stability in onion prices