Started on Wednesday, 6
August 2025, 8:25
PM
State Finished
Completed on Wednesday, 6
August 2025, 8:59
PM
Time taken 34 mins 19 secs
Marks 43.00/45.00
Grade 97..56 out of
100.00
Feedback Excellent work!
You seem to
understand the
content of Topics
9 to 11. Please
read the feedback
for each question
carefully and
ensure you agree
with the
explanations
provided.
Note that
• you are
allowed to
submit two
attempts
for this
assessment.
If you take
two
attempts,
the average
mark of the
two will
contribute
towards
your final
credits.
• you must
wait 24
hours
, before you
can attempt
the
assessment
again.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Fixing a minimum price for maize above the equilibrium price is an ineffective way of supporting
poorer farmers because inefficient producers are protected and survive financially to continue
farming.
True
False
Feedback
Fixing a minimum price for maize above the equilibrium price is an ineffective way of supporting
poorer farmers because inefficient producers are protected and survive financially to continue
farming.
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Fixing a minimum price for maize above the equilibrium price will give rise to the problem of
how to dispose of the resultant surplus of maize.
, True
False
Feedback
At P3 the quantity supplied (Q4) is more than the quantity demanded (Q1) and the question
arises as to what to do with the surplus maize.
Question 4
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Governments set maximum prices to protect consumers from the exploitation of producers.
August 2025, 8:25
PM
State Finished
Completed on Wednesday, 6
August 2025, 8:59
PM
Time taken 34 mins 19 secs
Marks 43.00/45.00
Grade 97..56 out of
100.00
Feedback Excellent work!
You seem to
understand the
content of Topics
9 to 11. Please
read the feedback
for each question
carefully and
ensure you agree
with the
explanations
provided.
Note that
• you are
allowed to
submit two
attempts
for this
assessment.
If you take
two
attempts,
the average
mark of the
two will
contribute
towards
your final
credits.
• you must
wait 24
hours
, before you
can attempt
the
assessment
again.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Fixing a minimum price for maize above the equilibrium price is an ineffective way of supporting
poorer farmers because inefficient producers are protected and survive financially to continue
farming.
True
False
Feedback
Fixing a minimum price for maize above the equilibrium price is an ineffective way of supporting
poorer farmers because inefficient producers are protected and survive financially to continue
farming.
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Fixing a minimum price for maize above the equilibrium price will give rise to the problem of
how to dispose of the resultant surplus of maize.
, True
False
Feedback
At P3 the quantity supplied (Q4) is more than the quantity demanded (Q1) and the question
arises as to what to do with the surplus maize.
Question 4
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Governments set maximum prices to protect consumers from the exploitation of producers.
