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QUESTION 1 (A) Namibia has faced severe drought in 2016 which has impacted negatively on the agricultural sector

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QUESTION 1 (A) Namibia has faced severe drought in 2016 which has impacted negatively on the agricultural sector. This devastating drought has encouraged many farmers in 2016 to buy more grass so as to feed their animals. Specify the demand function for grass and clearly state the dependent and independent variables in your specification. Indicate the expected relationship between each parameter and the dependent variable; and motivate the rationale for each of the variables included in the demand function. (12.5) (B) Namibia is facing an increasing demand for electricity. Following the load shedding experienced in South Africa in late 2014, the Namibian Government has remained indecisive whether to invest in the Kudu gas project which is estimated to cost more than N$ 23 billion. This investment which will generate an additional 800 megawatt (MW) of electricity is expected to increase the supply generating capacity of the country and reduce electricity import-dependence. HUAWEI nova 3i DUAL CAMERA Specify the supply function of electricity in Namibia and clearly state the dependent and independent variables in your specification. Indicate the expected relationship between each parameter and the dependent variable; and motivate the rationale for each of the variables included in the supply function.