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MOHAMMED ALI JINNAH UNIVERSITY

MICROECONOMICS
ASSIGNMENT

Q1. Show the effect of increase in price of petrol on followings:

A. Quantity demand of petrol

B. Quantity supply of petrol

C. Quantity demand of CNG

D. Equilibrium price and output of CNG.

Q2. Show the effect of increase in price of cotton on supply of cotton.

Q3. Show the effect of mechanization in agriculture sector on:

A. Cotton production

B. Equilibrium price and equilibrium quantity of cotton.

Q4. Show the effect of increase in price of electricity on equilibrium price and output of AC.

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