Step 1: Understanding the Question.
The pathway runs S1 to S2 (enzyme EA), S2 to S3 (enzyme EB), and S3 to S4 (enzyme EC), with S4 going on to P1 and then P2. EA is switched on by positive feedback, and EB is switched off by negative feedback. The question asks what builds up if EC is missing.
Step 2: Trace what happens right after EC is lost.
Without EC, S3 cannot move forward to S4. This means S3, the product of the EB reaction, starts to rise because it has nowhere to go.
Step 3: Apply the negative feedback on EB.
Negative feedback on EB means that as its own product (S3) climbs, S3 acts back on EB and slows it down. So once S3 starts to build up from the missing EC step, EB is switched off before S3 has a chance to keep climbing without limit. This stops the flow of S2 into S3.
Step 4: Apply the positive feedback on EA.
EA does not have this brake. Its positive feedback keeps it running, or even running harder, so S1 keeps being turned into S2 at a steady or increased pace.
Step 5: Put the two effects together.
S2 keeps being made by EA, but it cannot move on to S3 because EB has been throttled by the S3 buildup triggering its negative feedback. With production continuing and the exit route blocked, S2 is the one that piles up.
Step 6: Rule out the other options.
(A) S1 accumulates: S1 is still being used up normally by the unblocked, positively driven EA reaction. Incorrect.
(C) P1 accumulates: P1 sits downstream of the missing EC step, so with S3 to S4 blocked, little to no new S4 or P1 is even being formed. Incorrect.
(D) P2 accumulates: P2 is even further downstream than P1, so it is affected the same way and does not build up. Incorrect.
Step 7: Final Answer.
With EA still active from positive feedback and EB shut down by negative feedback once S3 rises, the substrate stuck between them, S2, is what accumulates.
\[ \boxed{\text{S2 accumulates}} \]