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Here are the best resources to pass ECS 1500 ASSIGNMENT 2. Find ECS 1500 ASSIGNMENT 2 study guides, notes, assignments, and much more.
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ECS 1500 ASSIGNMENT 2
Exam (elaborations) • 11
pages
• 2021
Assignment 02 (second semester)

ASSIGNMENT 02 (SECOND SEMESTER)

UNIQUE NUMBER

CLOSING DATE

LEARNING UNITS

WEIGHT FOR SEMESTER MARK

NUMBER OF QUESTIONS

18 September 2020

5 to 7

30% of semester mark

20

2.1 When calculating price elasticity of demand the answer will always be negative, because the demand

curve has a downward slope.

[1] True

[2] False

Explanation: Price elasticities of demand are always negative since price and quantity demanded

always move in opposite directions (o...
Assignment 02 (second semester)

ASSIGNMENT 02 (SECOND SEMESTER)

UNIQUE NUMBER

CLOSING DATE

LEARNING UNITS

WEIGHT FOR SEMESTER MARK

NUMBER OF QUESTIONS

18 September 2020

5 to 7

30% of semester mark

20

2.1 When calculating price elasticity of demand the answer will always be negative, because the demand

curve has a downward slope.

[1] True

[2] False

Explanation: Price elasticities of demand are always negative since price and quantity demanded

always move in opposite directions (o...
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