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Exam (elaborations)

ECS1501 ASSIGNMENT 6 SEMESTER 2 2023

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This document contains ECS1501 Assignment 6 semester 2 Questions and trusted answers.

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Uploaded on
September 30, 2023
Number of pages
52
Written in
2023/2024
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Exam (elaborations)
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UNISA  2023  ECS1501-23-S2  Assessments  Assessment 6

QUIZ




Started on Friday, 29 September 2023, 5:39 PM
State Finished
Completed on Friday, 29 September 2023, 6:21 PM
Time taken 42 mins 28 secs
Marks 11.00/15.00
Grade 73.33 out of 100.00

Question 1

Complete

Not graded




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




If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are


more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.

more responsive or sensitive to a change in the demand for beef than to a change in the demand for coffee.

more responsive or sensitive to a change in the demand for coffee than to a change in the demand for beef.

more responsive or sensitive to a change in the price of coffee than to a change in the price of beef.




If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are more responsive or
sensitive to a change in the price of beef than to a change in the price of coffee.

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