Exam (elaborations) Intermediate Microeconomics (ECS2601)

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Exam (elaborations) Intermediate Microeconomics (ECS2601)

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Exam (elaborations) Intermediate Microeconomics (ECS2601)

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Taffy's Study 2026

ECS2601 – MICROECONOMICS

SEMESTER 2 – ASSIGNMENT 01
(2026)

COMPLETE SOLUTIONS WITH
EXPLANATIONS

, ───

Document info:

· Module: ECS2601

· Semester: 2

· Year: 2026

· Assignment: 01

,· Questions covered: All 20 multiple-
choice questions

· Includes: Correct answers + step-by-
step rationales + formula workings
where applicable

, QUESTION 1

Question:
Assume that the current market price is below
the market clearing level. We would expect:

a. upward pressure on the current market price
b. downward pressure on the current market
price
c. no change in the current market price
d. excess supply in the market

Correct Answer: (a) upward pressure on the
current market price

Explanation / Rationale:

Document information

Uploaded on: August 5, 2026
Number of pages: 43
Written in: 2026/2027
Type: Exam (elaborations)
Contains: Questions & answers

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