QUESTION TWO [40] Read the extract below and answer the questions that follow: High meat prices lift food inflation As South Africans enjoyed Heritage Day with a braai on Friday, stubbornly high meat prices lifted food inflation in August this year. Economists said meat could be singled out as the biggest culprit in the uptick in food inflation, given its weighting in the food basket, after posting a double-digit increase of 10.7 percent year-on-year. "The combination of supply constraints due to the reduced pace of beef and sheep slaughter and the decreased volumes of poultry imports underpinned the recent up-trend in meat prices", said senior agricultural economist at FNB Agri-Business Paul Makube. After showing signs of moderation for the second half of 2021, with the July food price inflation steadying at 7 percent year-on-year, the August print came in on the upside by 0.4 percent month-on-month, and 7.4 percent year-on-year. Page 3 of 3 August Consumer Price Index inflation lifted to 4.9 percent year-on-year, from a prior 4.6 percent year-on-year, on elevated fuel price inflation drifting further away from the midpoint of the SA Reserve Bank's target range of 3 percent to 6 percent. (Source : https://www.iol.co.za/business-report/companies/high-meat-prices-lift-food-inflation-7995f94c-1379-456c-aa8a-6e4c47bff005) Questions : 2.1 Highlight the main types of price elasticity of demand and determine which category demand for meat would fall under. (15) 2.2 Determine and explain the type of price control the government y may set to prevent further price increases. (10) 2.3 Determine the type of inflation caused due to the supply constraints as mentioned in the extract. (15)