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ECS1501 ASSESSMENT 3 SEMESTER 1 2024_SEARCHABLE

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ECS1501 ASSESSMENT 3 SEMESTER 1 2024_SEARCHABLE

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PASSMATE TUTORIALS


DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE FRAMEWORK
IS NOT PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A
POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS
FRAMEWORK IS ONLY INTENDED TO ASSIST STUDENTS IN GETTING STARTED
WITH THEIR ASSIGNMENT, AND IN NO CASE THIS DOCUMENT SHOULD BE USED
FOR CHEATING, THUS NO STUDENT IS ENCOURAGED TO COPY THIS
DOCUMENT, NOR ITS SECTIONS FOR SUBMISSION. WE BELIEVE THE
FRAMEWORK WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR
TEAM OF PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD,
AND IT WAS PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY
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AUTHORS HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE
MODIFICATION OF THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT
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FURTHER GUIDELINE ABOUT THE INFORMATION CONTAINED HERE AND THE
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IMPORTANT NOTES TO CONSIDER



THIS IS ONLY A GUIDELINE OF EXPECTED AND POSSIBLE QUESTIONS AND
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GOOD LUCKY




PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144

,6/2/24, 2:15 AM Assessment 3: Attempt review




24  ECS1501-24-Y  Assessments  Assessment 3

QUIZ




Started on Sunday, 2 June 2024,
2:02 AM
State Finished
Completed on Sunday, 2 June 2024,
2:15 AM
Time taken 12 mins 19 secs
Marks 12.00/12.00
Grade 100.00 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




The law of demand says that when price


falls, quantity supplied falls also.

falls, quantity supplied rises.

rises, quantity demanded falls.

rises, quantity demanded rises also.




The law of demand says that when the
price rises, the quantity demanded falls.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=19758931&cmid=869194 1/8

, 6/2/24, 2:15 AM Assessment 3: Attempt review

Question 3

Complete

Mark 1.00 out of 1.00




Which of the following events could shift
the demand curve for petrol to the left?


Income of petrol buyers rises, and
petrol is a normal good.

Income of petrol buyers falls, and
petrol is an inferior good.

Public service announcements are
run on television, encouraging
people to walk or ride bicycles
instead of driving cars.

The price of petrol rises.




A leftward shift of the demand curve
illustrates a decrease in demand. Public
service announcements on television
encouraging people to walk or ride
bicycles instead of driving cars. If people
drive less, they will demand less petrol,
that is, the demand for petrol decreases.




Question 4
Complete

Mark 1.00 out of 1.00




The demand curve for a good is a line
that relates


price and quantity demanded.

quantity demanded and quantity
supplied.

price and income.

income and quantity demanded.




The demand curve for a good is a line
that relates the price and quantity
demanded.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=19758931&cmid=869194 2/8

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