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ECS1501 ASSIGNMENT 06 FOR 2ND SEMESTER 2024

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University Of South Africa (Unisa)
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Economics IA (ECS1501)
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ECS1501 ASSIGNMENT 06 FOR 2ND SEMESTER 2024

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ECS1501
ASSIGNMENT 6 FOR 2ND SEMESTER 2024




FEND TUTORIALS

, Started on Wednesday, 31 July 2024, 9:08 AM
State Finished
Completed on Wednesday, 31 July 2024, 9:20 AM
Time taken 11 mins 40 secs
Marks 10.00/12.00
Grade 83.33 out of 100.00

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Question text
If the price elasticity of demand for Omo washing powder is 3.0, a ________ drop in price leads to a
__________ rise in the quantity demanded.


12 per cent; 36 per cent


12 per cent; 4 per cent


R1 000; 333-unit


R1 000; 3000-unit

Clear my choice

Question 3
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Question text
Price elasticity of demand gives us a measure of how sensitive or responsive the ________ of a good or
service is to a change in the _________ of a good or service.


quantity demanded; price


price; demand


price; quantity demanded


demand; price


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