ECS2604 Assignment 4 (COMPLETE ANSWERS) Semester 1 2026 - DUE 20 April 2026; 100% Correct solutions and explanations.

ECS2604 Assignment 4 (COMPLETE ANSWERS) Semester 1 2026 - DUE 20 April 2026; 100% Correct solutions and explanations. ASSESSMENT 04 Opens 10 April 2026 Due: 20 April 2026 Year 2026 Semester ONE Module ECS 2604 Assessment 04 Assessment unique number 145886 Number of questions 5 Chapters covered 5-9 Assessment weight 30% Type of assessment and category Written and Mandatory Assessment total marks 50 Assessment due date 20 April 2026 Duration 10 days First examiner Dr. N.W. Gamede Moderator Dr. R. Lotter This assessment consists of FIVE questions and contributes 30% to your semester mark. Instructions: 1. Type your answers using Arial font size 12, with 1.5 spacing, and justify your text to distribute it evenly between the margins. However, if this is impossible, you may hand-write your answers and scan them into a PDF. 2. Start with a cover page that includes the module code and your student ID number. 3. Write legibly and ensure that each question is numbered. 4. Answer the questions based on the marks allocated per question. 5. Answer the questions using your own words, rephrase, and reference the sources consulted. This is your work; own it. Avoid shortcuts to passing this module. 6. When using AI, ensure that information sources are acknowledged and appropriately cited using the Harvard referencing system. Any copied-and-pasted answers, such as those from CHATGPT, will result in a zero on your assessment. 7. Please create the graphs by hand. 8. Ensure that your file is not encrypted in a “secure” mode and is not password-protected, as these files cannot be marked. 9. Submit your answers in PDF format using the Assessment Info tool myUnisa. QUESTION 1 1.1 Explain, with the aid of a figure, the impact of labour demand elasticity on employment because of a wage increase in the unionised sector. [10 marks] QUESTION 2 2.1 Use the efficiency wage hypothesis to discuss the statement: “Under certain circumstances, a