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Dashboard / My courses / ECS1501-23-S1 / Assessments / Assessment 4
Started on Friday, 7 April 2023, 10:50 AM
State Finished
Completed on Friday, 7 April 2023, 11:08 AM
Time taken 17 mins 14 secs
Marks 20.00/21.00
Grade 95.24 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
I confirm
that this assessment will be my own individual work;
that I will not communicate with anyone else in any way during the completion of this assessment;
that I will not cheat in any way in completing and submitting this assessment.
I confirm.
I do not confirm.
Question 2
Complete
Mark 1.00 out of 1.00
Which of the following would NOT affect an individual's demand curve?
income
the number of sellers
price of related goods
expectations
,Question 3
Complete
Mark 1.00 out of 1.00
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Dashboard / My courses / ECS1501-23-S1 / Assessments / Assessment 4
The movement from D to D1 could be caused by
a technological advance.
a decrease in the price of a substitute.
an increase in price.
a decrease in the price of a complement.
Question 4
Complete
Mark 1.00 out of 1.00
The movement from D to D1 is called
a decrease in quantity demanded.
an increase in quantity demanded.
an increase in demand.
a decrease in demand.
,Question 5
Complete
Mark 0.00 out of 1.00
MENU
You love pecan nuts. You hear on the news that 60 % of the pecan nut crop in the Limpopo Province has been wiped out, which will cause
Dashboard
the / Myby
price to triple courses / of
the end ECS1501-23-S1 / Assessments / Assessment 4
the year. As a result,
you decide to give up pecan nuts completely.
the quantity pecan nuts demanded by you will decrease by the end of the year.
your demand for pecan nuts falls as you look for a substitute good.
your demand for pecan nut butter will decrease by the end of the year.
Question 6
Complete
Mark 1.00 out of 1.00
The movement from point A to point B on the graph is caused by
a decrease in price.
an increase in price.
a decrease in the price of a substitute good.
an increase in income.
, Question 7
Complete
Mark 1.00 out of 1.00
MENU
Dashboard / My courses / ECS1501-23-S1 / Assessments / Assessment 4
Which of the following would cause the demand curve to shift from Demand A to Demand B in the market for oranges?
a decrease in the price of apples
a technological advance that allows oranges to ripen faster
an announcement by the Department of Health that oranges prevent Covid-19 infections
a decrease in the price of oranges
Question 8
Complete
Mark 1.00 out of 1.00
If Consumer A and Consumer B are the only consumers in the market, then the market quantity demanded when the price is R6 is
8 units.
12 units.
6 units.
4 units.
The market demand is the sum of all individual demand curves at each particular price level. At the price of R6, the market quantity
demanded equals 12, that is, 4 (the quantity demanded by Consumer A) plus 8 (the quantity demanded by Consumer B.
Dashboard / My courses / ECS1501-23-S1 / Assessments / Assessment 4
Started on Friday, 7 April 2023, 10:50 AM
State Finished
Completed on Friday, 7 April 2023, 11:08 AM
Time taken 17 mins 14 secs
Marks 20.00/21.00
Grade 95.24 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
I confirm
that this assessment will be my own individual work;
that I will not communicate with anyone else in any way during the completion of this assessment;
that I will not cheat in any way in completing and submitting this assessment.
I confirm.
I do not confirm.
Question 2
Complete
Mark 1.00 out of 1.00
Which of the following would NOT affect an individual's demand curve?
income
the number of sellers
price of related goods
expectations
,Question 3
Complete
Mark 1.00 out of 1.00
MENU
Dashboard / My courses / ECS1501-23-S1 / Assessments / Assessment 4
The movement from D to D1 could be caused by
a technological advance.
a decrease in the price of a substitute.
an increase in price.
a decrease in the price of a complement.
Question 4
Complete
Mark 1.00 out of 1.00
The movement from D to D1 is called
a decrease in quantity demanded.
an increase in quantity demanded.
an increase in demand.
a decrease in demand.
,Question 5
Complete
Mark 0.00 out of 1.00
MENU
You love pecan nuts. You hear on the news that 60 % of the pecan nut crop in the Limpopo Province has been wiped out, which will cause
Dashboard
the / Myby
price to triple courses / of
the end ECS1501-23-S1 / Assessments / Assessment 4
the year. As a result,
you decide to give up pecan nuts completely.
the quantity pecan nuts demanded by you will decrease by the end of the year.
your demand for pecan nuts falls as you look for a substitute good.
your demand for pecan nut butter will decrease by the end of the year.
Question 6
Complete
Mark 1.00 out of 1.00
The movement from point A to point B on the graph is caused by
a decrease in price.
an increase in price.
a decrease in the price of a substitute good.
an increase in income.
, Question 7
Complete
Mark 1.00 out of 1.00
MENU
Dashboard / My courses / ECS1501-23-S1 / Assessments / Assessment 4
Which of the following would cause the demand curve to shift from Demand A to Demand B in the market for oranges?
a decrease in the price of apples
a technological advance that allows oranges to ripen faster
an announcement by the Department of Health that oranges prevent Covid-19 infections
a decrease in the price of oranges
Question 8
Complete
Mark 1.00 out of 1.00
If Consumer A and Consumer B are the only consumers in the market, then the market quantity demanded when the price is R6 is
8 units.
12 units.
6 units.
4 units.
The market demand is the sum of all individual demand curves at each particular price level. At the price of R6, the market quantity
demanded equals 12, that is, 4 (the quantity demanded by Consumer A) plus 8 (the quantity demanded by Consumer B.
