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Exam (elaborations)

ECS1500 ASSIGNMENT 2 SEMESTER 2 2023

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This document contains ECS1500 Assignment 2 semester 2 Questions and trusted answers.

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University Of South Africa (Unisa)
Course
ECS1500 - Economics 1500 (ECS1500)








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A rightward shift of the supply curve,
leading to a price decrease of the price
of wallets from R45 to R35 and an
increase in the quantity demanded from
300 000 to 350 000, shows that




Select one;
a. the supply of wallets is inelastic



b. the supply of wallets is elastic



c. the demand for walletsis «
inelastic



d. the demand for wallets is
elastic
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