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Question 1 2.5 Marks a. Suppose Ms. Zeenia demands 15C! units of ice cream at price 513, if the price tends to increase to 60

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Question 1 2.5 Marks a. Suppose Ms. Zeenia demands 15C! units of ice cream at price 513, if the price tends to increase to 60 she reduced her demand by 33 units while a further increase in the price by 1D rupees led to the reduction in the quantity demanded to 9D units ceteris parihus. Given the information above drive the demand function. h. Now suppose the price of milk has increased, illustrates graphically if there would be any change in the demand function elucidated in part a. Also, explain why or why not?f Question I 2.5 Marks a. Keeping the present rate of ination [increase in the general price level) in mind, consumers hving in Karachi are anticipating that the price of tomatoes will go up just lilre it did last year in November. In your opinion explain ifthere 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. h. Suppose that Zimal and Zawaiyar are the only consumers of pernnes in a particular market. The following table shows their annual demand schedules: . . , . W: Price (Per Bottle of mg; Quanhty Quantity Market Demand Perfume} Demanded Demanded "\" -E- \"\" Given the following information construct market demand curve

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