ECS1501 – ASSESSMENT 5
Student number:
……………………………………………………………………………………….
Name:
………………………………………………………………………………………………………
…
Date submitted:
…………………………………………………………………………………………
Word count:
………………………………………………………………………………………………
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ACADEMIC INTEGRITY DECLARATION
1. I understand what academic dishonesty entails and am aware of Unisa’s policies in
this regard.
2. I declare that this assignment is my own original work. Where I have used someone
else’s work, I have indicated this by using the prescribed style of referencing. Every
contribution to and quotation in this assignment from the work of others has been
properly referenced.
3. I have not allowed, and will not allow, anyone to copy my work and pass it off as
their own.
4. I have not used another student’s work and submitted it as my own.
NAME: …………………………………………………………………….
STUDENT NUMBER: ……………………………………………………
MODULE CODE: .........................................................................
SIGNATURE/ID NUMBER: …………………………………………………………….
DATE: …………………………………………………………………….
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Question 1
(i) The first presenter best describes the marker condition that giant bicycles faces. I
agree with him because he said its customers' fault and it is actually the customers that
decreased their demand which resulted in a decrease in both pre-tax profit and sales
, (iii) A decrease in demand will cause excess supply to get rid of the surplus, suppliers
will cut prices, this will increase the quantity demanded while decreasing the quality
supplied. Supplies will continue to cut prices until the quantity demanded equals
quantity supplies, at a lower equilibrium price and quantity.
Number of words used:
Question 2
<<Draw a diagram answer to Question 2>>
Student number:
……………………………………………………………………………………….
Name:
………………………………………………………………………………………………………
…
Date submitted:
…………………………………………………………………………………………
Word count:
………………………………………………………………………………………………
*************************
ACADEMIC INTEGRITY DECLARATION
1. I understand what academic dishonesty entails and am aware of Unisa’s policies in
this regard.
2. I declare that this assignment is my own original work. Where I have used someone
else’s work, I have indicated this by using the prescribed style of referencing. Every
contribution to and quotation in this assignment from the work of others has been
properly referenced.
3. I have not allowed, and will not allow, anyone to copy my work and pass it off as
their own.
4. I have not used another student’s work and submitted it as my own.
NAME: …………………………………………………………………….
STUDENT NUMBER: ……………………………………………………
MODULE CODE: .........................................................................
SIGNATURE/ID NUMBER: …………………………………………………………….
DATE: …………………………………………………………………….
*************************
Question 1
(i) The first presenter best describes the marker condition that giant bicycles faces. I
agree with him because he said its customers' fault and it is actually the customers that
decreased their demand which resulted in a decrease in both pre-tax profit and sales
, (iii) A decrease in demand will cause excess supply to get rid of the surplus, suppliers
will cut prices, this will increase the quantity demanded while decreasing the quality
supplied. Supplies will continue to cut prices until the quantity demanded equals
quantity supplies, at a lower equilibrium price and quantity.
Number of words used:
Question 2
<<Draw a diagram answer to Question 2>>
