3. Identify some effective ways of keeping the prices of basic commodities at levels that are accessible to the masses.
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Answer:
Remove the restrictions on trade which make lower priced products less accessible (such as cross border trade rules, or import tariffs).
Stop the policy of inflation, which reduces the spending power of the poorer people in society.
Are you asking how to avoid the law of supply and demand? Then the answer is to increase supply (assuming there is still a profit for the producer) or create alternatives that are less costly yet satisfy the demand - margarine vs. butter.
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