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this question is from microeconomics (CLO 02) A. Considering your concepts of Rise Fall in demand and supply, show with the help of diagrams how

this question is from microeconomics

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(CLO 02) A. Considering your concepts of Rise Fall in demand and supply, show with the help of diagrams how following conditions will effect equilibrium price and quantities, The market for "Ice cream Case a: People realize that in current conditions it has bad influence on health Case b: new technology of making ice cream lowers the manufacturing cost ii. The market for auto mobile Case a: increase in production of batteries lead to a rightward shift in supply of hybrid cars Case b: unemployment rate increases in country 111. The market for automatic machines Case a: people realize that these machines save time and energy Case b.; increase in import duties B. From given list of Commodities determine Elasticity of Demand , give reason as well i. Gas ii. Airline ticket iii. Essential medical procedure iv. Coffee v. Ticket to attend Cricket match

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