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2.1 Taking the above article into consideration, explain why import duties may be implemented and how import duties may impact prices. (15) 2.2 Propose any
2.1 Taking the above article into consideration, explain why import duties may be implemented and how import duties may impact prices. (15) 2.2 Propose any two other trade protection barriers that may be implemented instead of import duties. (10) 2.3 Motivate, giving reasons, the type of price elasticity of demand most applicable to potatoes as a commodity. (15) 2.4 Discuss the impact of the aforementioned price hikes on consumers and the society as a whole. (
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