PASSMATE TUTORIALS
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS 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 EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144
PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!
1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
,8/10/24, 1:37 PM Assessment 1 (page 1 of 8)
UNISA 2024 ECS2601-24-S2 Welcome Message Assessment 1
QUIZ
Question 1
Not yet answered
Marked out of 1.00
The income effect of a lower price for good A …
a. invariably leads a consumer to buy more of good A, because the combination of unchanged money income and
lower price raises that consumer's real income or purchasing power.
b.
may lead to a larger, smaller, or even an unchanged quantity of good A demanded; it all depends on the nature of the
good itself.
c. creates a change in the good's relative price and, therefore, causes the consumer to substitute good A in place of
other goods.
d.
invariably leads a consumer to buy less of good A because the combination of unchanged money income and lower
price encourages that consumer to buy more of other goods.
Question 2
Not yet answered
Marked out of 1.00
Assume that the current market price is below the market clearing level. We would expect:
a. upward pressure on the current market price.
b. downward pressure on the current market price.
c. no pressure for the price to change further.
d. a surplus to accumulate.
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20739778&cmid=990757 1/2
,8/10/24, 1:37 PM Assessment 1 (page 1 of 8)
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20739778&cmid=990757 2/2
, 8/10/24, 1:37 PM Assessment 1 (page 2 of 8)
UNISA 2024 ECS2601-24-S2 Welcome Message Assessment 1
QUIZ
Question 3
Not yet answered
Marked out of 3.00
The demand for potatoes is: Qd = 120 -P
The supply of potatoes is: QS = 5P
What is the equilibrium price of books?
a. 20
b. 15
c. 10
d. 5
Question 4
Not yet answered
Marked out of 1.00
If an indifference curve is convex from above (bowed outward), which of the following statements would be TRUE?
a. The more you have of a good, the more intense your desire for more of it.
b. This type of indifference curve violates the more-is-better-than-less assumption underlying indifference curves.
c.
The less you have of a good, the more intense your desire for more of it.
d. The more you have of a good, the less you desire additional units of the good.
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20739778&cmid=990757&page=1 1/1
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS 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 EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144
PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!
1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
,8/10/24, 1:37 PM Assessment 1 (page 1 of 8)
UNISA 2024 ECS2601-24-S2 Welcome Message Assessment 1
QUIZ
Question 1
Not yet answered
Marked out of 1.00
The income effect of a lower price for good A …
a. invariably leads a consumer to buy more of good A, because the combination of unchanged money income and
lower price raises that consumer's real income or purchasing power.
b.
may lead to a larger, smaller, or even an unchanged quantity of good A demanded; it all depends on the nature of the
good itself.
c. creates a change in the good's relative price and, therefore, causes the consumer to substitute good A in place of
other goods.
d.
invariably leads a consumer to buy less of good A because the combination of unchanged money income and lower
price encourages that consumer to buy more of other goods.
Question 2
Not yet answered
Marked out of 1.00
Assume that the current market price is below the market clearing level. We would expect:
a. upward pressure on the current market price.
b. downward pressure on the current market price.
c. no pressure for the price to change further.
d. a surplus to accumulate.
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20739778&cmid=990757 1/2
,8/10/24, 1:37 PM Assessment 1 (page 1 of 8)
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20739778&cmid=990757 2/2
, 8/10/24, 1:37 PM Assessment 1 (page 2 of 8)
UNISA 2024 ECS2601-24-S2 Welcome Message Assessment 1
QUIZ
Question 3
Not yet answered
Marked out of 3.00
The demand for potatoes is: Qd = 120 -P
The supply of potatoes is: QS = 5P
What is the equilibrium price of books?
a. 20
b. 15
c. 10
d. 5
Question 4
Not yet answered
Marked out of 1.00
If an indifference curve is convex from above (bowed outward), which of the following statements would be TRUE?
a. The more you have of a good, the more intense your desire for more of it.
b. This type of indifference curve violates the more-is-better-than-less assumption underlying indifference curves.
c.
The less you have of a good, the more intense your desire for more of it.
d. The more you have of a good, the less you desire additional units of the good.
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20739778&cmid=990757&page=1 1/1
