Automation and data analysis (AIN3701) (AIN3701)
University of South Africa (Unisa)
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ECS2601 Assignment 1 (QUALITY ANSWERS) Semester 2 2026
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University of South Africa (Unisa)
Automation and data analysis (AIN3701)
This document provides detailed workings, clear explanations, and well-structured solutions for the ECS2601 Assignment 1 (QUALITY ANSWERS) Semester 2 2026 - Question 1: (10 marks) 1.1 In your own words, explain the idea of trade-offs in microeconomics. (2) 1.2 Differentiate between any two of the following concepts: (4) (a) Infinite elastic and completely inelastic demand (b) Income consumption curve versus Engel curve (c) Positive versus normative analysis (d) Real versus nominal prices...
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