Answer following questions after reading the case.
Qno.1 What factors affected the supply of Onions during the period of December 2010 to January 2011?
Qno.2 What factors had affected the demand for onions? Which of these are long-run or structural in nature and which are short-run?
Qno.3 What perceptions 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 depcited in the case, and what was their impact on the market?
Qno.4 Consumers 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?
Qno.5 Were speculative activiites affecting demand for or supply of Onions?
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