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ECS1501 ASSIGNMENT FOR SEMESTER 1 R338,59   Add to cart

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ECS1501 ASSIGNMENT FOR SEMESTER 1

Assignment 1 to 3 for semester one. Success in your reading and revision.

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ECS1501 ASSIGNMENT 2 SEMESTER 1

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ANSWERS OF ECS1501 ASSIGNMENT PREVIEW OF QUESTION 1 1. 3 Reference: Prescribed book PG 119 Law of demand which indicates that a negative relationship exists between the price of a good or service and the quantity demanded of it. 2. 1 Reference: Prescribed book PG 125 An important property ...

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ECS1501 ASSIGNMENT 3 SEMESTER 1 2023

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PREVIEW OF QUESTION 1 1. 1 Reference: Prescribed book PG 189 The opposite occurs when the price of a product is set at too low a level. In this situation, buyers will demand a higher quantity than suppliers are willing to or plan to supply. Excess demand or a shortage will thus be created in the...

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ECS1501 ASSIGNMENT 1 SEMESTER 1

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PREVIEW OF QUESTION 1 1. 2 Reference: Prescribed book PG 2 Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. 2. 2 Reference: Prescribed book PG 2 According to these definitions, the economic problem, also referred...

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