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Question#2 Below is a market demand and supply schedule for Sanitizers [10- Marks] Price per pen (Pak Rupee) Original Demand per week |Original Supply per

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Question#2 Below is a market demand and supply schedule for Sanitizers [10- Marks] Price per pen (Pak Rupee) Original Demand per week |Original Supply per Week 300 100 500 250 200 400 200 300 300 150 400 200 100 500 100 a) Plot and label the demand (Do) and supply curve (So) for sanitizers. b) Mark in the market price (Pm) and the quantity traded (Qo) at this price. c) Imagine now the demand falls by 200 units at each and every price. Draw and label the new demand curve (D1 ) d) What is the new market price (P,) and the new quantity traded (Q1) ? Show these on your graph. e) What has happened to supply and why? f) Suggest two reason why demand for sanitizer might fall

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