ECS1501 - ASS6 - S2 - 2023 - Q&A

ECS1501 – ASS6 – Q&A – S2 - 2023


Started on Wednesday, 27 September 2023,
State Finished
Completed on Wednesday, 27 September 2023,
Time taken
Marks 15.00/15.00
Grade 100.00 out of 100.00


Question 1
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
If the owners of Ster Kinekor movie theatres discounted the price of admission
fees by 30 per cent, average attendance would rise by 50 per cent. Based on
this data, it could be concluded that the price elasticity of demand for movie
tickets is

- inelastic.

- unitary elastic.

- perfectly elastic.

- elastic.

Feedback




1