Subject: Applied Economics

Kindly elaborate and explain this thoroughly:

1. What are basic consumer goods in the Philippines? Give at 10 or more and explain.
2. What causes commodities price to change? Explain.
3. What are the advantages of rising and falling of prices of commodities? detailed explanation
4. What are the disadvantages of rising and falling of prices of commodities? detailed explanation
5. What can be done to stabilize prices of basic commodities? What are the best practices? detailed explanation

Thank you and God Bless!