Question: (1) QUESTION FOUR (25) 4.1 In many developing countries government intervenes in the setting of prices through price ceilings. Research on the rationale of setting

(1) QUESTION FOUR (25) 4.1 In many developing

(1) QUESTION FOUR (25) 4.1 In many developing countries government intervenes in the setting of prices through price ceilings. Research on the rationale of setting price ceilings in an economy using evidence from three different countries. (10) Discuss the FIVE (5) categories of price elasticity of demand and show how elasticity of demand concept can be used in setting prices for consumer goods, at Shoprite Supermarket, in Durban South Africa, (15) 4.2

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