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ECS1500 ASSIGNMENT 3 semester 2 2023

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This document contains typed and graphically representation of the ECS1500 assignment 3 solutions 2023 semester 2

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University Of South Africa (Unisa)
Course
Economics 1500









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Institution
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Course
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August 29, 2023
Number of pages
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Written in
2023/2024
Type
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  • ecs1500

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, ECS1500 ASSIGNMENT 4
2023 ACADEMIC YEAR




QUESTION 1



Due to technological advancements, knitting needle production costs have decreased, allowing
suppliers to lower prices. As knitting needles become more affordable, consumers may switch from
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