This question was unpopular with the candidates. Only few of the candidates attempted
this question and provided appropriate answers for the (a), (b), (c), (d) and (e) parts of the question. The (f) and (g) parts were not properly attempted. This deprived the candidates the opportunity of obtaining the maximum marks for the question.
Candidates were expected to state the following points in (f) and (g) to score high marks.
(f) (i) Agricultural commodities in general;
(ii) Labour.
(g) Measures that could be taken to make regulated price effective:
(i) raise the price of substitutes through taxation and other means;
(ii) advertise the commodity;
(iii) buy and store the commodity;
(iv) encourage exportation;
(v) impose a tax on output;
(vi) remove subsidies;
(vii) increase input prices;
(viii) increase the profitability of goods in competitive supply.
Price D S 
Pc 
Po
Pk