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In the context of Pakistan’s society identify the nature of demand or supply elasticity in the following cases

Economics Nov 25, 2020

In the context of Pakistan’s society identify the nature of demand or supply elasticity in the following cases. Also, justify your answer.(01 mark)

  1. Demand for insulin
  2. Production of diamond
  3. Demand for artificial jewelry
  4. Sale at bridal wears of HSY

Expert Solution

The report insulin market in pakistan to 2022 offer the most up to date industry data on the actual market situation and future outlook for insulin in pakistan. The research includes historical data from 2011 to 2017 and forecaste untill 2022 which make the reports an invaluable resource for industry executives, marketing,sales and product manager consultants, analysts and other people looking for key industry data in a readily accessible document with clearly presented tables and graphs.

The historical development current market situation and future outlook of insulin market in pakistan to 2022.

Track industry development and identify market opportunity .

Plan for develop marketing, market entry .

The data is clearly presented and xan be easily incorporated into presentation and internal report .

2.) production of diamond

We are first divide all diamond country into 3 groups. These groups are based on average market value of each country's production footprint.

Production footprint refers to a profile of type of diamonds present in the diamond deposit.

The demand of diamond in the pakistan are growing . With the growing the standerd of living these are also growing the demand of diamond.

3.) jewellery is plays a fundamental role in human social life. Now a day artificial jewellery has taken place from expensive gold and diamond jewellery . People like to wear it in all over the world as well as artificial jewellery in pakistan . In pakistan the major cities  like karachi, lahore , islamabad , Rawalpindi with the best quailty also.

We keep a lot of variety collections in pakistani jewellery like pendant set, neckleces, Earring,Bangles. The demand for artificial jewellery is keep growing in pakistan.

4.) HSY is a famous pakistani designer with the letest modren and trendy collection . He is the barnd name of the pakistan fashion industry for 23 year. Pakistani fashion industry and Asian region he is all set to catch up to the western fashion industry.

I think pakistan quit develop market in fashion industry . That is the reason the sale are growing . The wide variety of dress collection HSY . The demand are growing .

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