1. UNISA
2. 2024
3. ECS1501-24-Y
4. Assessments
5. Assessment 3
QUIZ
Assessment 3
Open block drawer
Started on Sunday, 2 June 2024, 12:01 AM
State Finished
Completed on Sunday, 2 June 2024, 12:45 AM
Time taken 44 mins 1 sec
Marks 8.50/12.00
Grade 80.83 out of 100.00
Question 1
Complete
Not graded
Flag question
Question text
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
Flag question
Question text
Mpho downloads 5 movies per month when the price is R30,00 per download and 7 movies per month
when the price is R20,50 per download. Mpho’s demand demonstrates the law of
expectations.
supply.
price.
demand.
, Feedback
Mpho's behaviour confirms the law of demand as the quantity of downloads increases when the price of
downloads decreases.
Question 3
Complete
Mark 1.00 out of 1.00
Remove flag
Question text
What is the law of demand?
When income levels increase, buyers respond by purchasing more.
When the price of a good or service rises, buyers respond by purchasing more.
When buyers tastes for the good increase, they purchase more of the good.
When the price of a good falls, buyers respond by purchasing more.
Feedback
According to the law of demand, there is a negative relationship between quantity demanded and price.
Thus, when the price of a good falls, buyers respond by purchasing more.
Question 4
Complete
Mark 0.00 out of 1.00
Flag question
Question text
The movement from point A to point B on the graph is caused by
an increase in price.
a decrease in the price of a substitute good.
2. 2024
3. ECS1501-24-Y
4. Assessments
5. Assessment 3
QUIZ
Assessment 3
Open block drawer
Started on Sunday, 2 June 2024, 12:01 AM
State Finished
Completed on Sunday, 2 June 2024, 12:45 AM
Time taken 44 mins 1 sec
Marks 8.50/12.00
Grade 80.83 out of 100.00
Question 1
Complete
Not graded
Flag question
Question text
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
Flag question
Question text
Mpho downloads 5 movies per month when the price is R30,00 per download and 7 movies per month
when the price is R20,50 per download. Mpho’s demand demonstrates the law of
expectations.
supply.
price.
demand.
, Feedback
Mpho's behaviour confirms the law of demand as the quantity of downloads increases when the price of
downloads decreases.
Question 3
Complete
Mark 1.00 out of 1.00
Remove flag
Question text
What is the law of demand?
When income levels increase, buyers respond by purchasing more.
When the price of a good or service rises, buyers respond by purchasing more.
When buyers tastes for the good increase, they purchase more of the good.
When the price of a good falls, buyers respond by purchasing more.
Feedback
According to the law of demand, there is a negative relationship between quantity demanded and price.
Thus, when the price of a good falls, buyers respond by purchasing more.
Question 4
Complete
Mark 0.00 out of 1.00
Flag question
Question text
The movement from point A to point B on the graph is caused by
an increase in price.
a decrease in the price of a substitute good.
