(a)[2]
(i) Calculate the approximate sugar price in January 2008.
(a)[3]
(ii) Compare the movement of sugar prices with the movement of average food prices between January 2008 and August 2009.
(b)[5]
Using diagrams, contrast the weather-based explanations for the sugar price rise with the ethanol-based explanations for the rise in price.
(c)[4]
Explain the probable response of
- consumers of sugar in the face of a continual, rapid rise in its price. [2]
- producers of sugar in response to a continual, rapid rise in its price. [2]
(d)[6]
Using the data as your reference, discuss the likely effects of
- the measures taken by the Indian government. [3]
- the measures taken by the Malaysian government. [3]