ECS1500 Economics 1500 (ECS1500)

the document has the latest questions and elaborate answers

ECS1500 EXAM PACK 2023 100+ QUESTIONS AND CORRECT ANSWERS GRADED A. 2023 2 Multiple Choice Questions (Section A): (A) 1. A normal good is one for which the income elasticity is greater than one. a. True b. False 2. The demand for a good, perceived by the consumer to be a necessity, will tend to be elastic. a. True b. False 3. Macroeconomics is concerned with the study of how households and firms make decisions and how they interact in specific markets a. True b. False 4. Price ...

ECS1500 Exam Pack 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 .

ECS1500 Assignment 3 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 .

ECS1500 Assignment 3 Semester 1 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 .

the document has the latest questions and elaborate answers

Multiple Choice Questions (Section A): (A) 1. A normal good is one for which the income elasticity is greater than one. a. True b. False 2. The demand for a good, perceived by the consumer to be a necessity, will tend to be elastic. a. True b. False 3. Macroeconomics is concerned with the study of how households and firms make decisions and how they interact in specific markets a. True b. False 4. Price and quantity demanded for most goods are positively related a. True b. False 5...

8.7.3 Assignment 03 (first semester) ASSIGNMENT 03 (FIRST SEMESTER) UNIQUE NUMBER CLOSING DATE LEARNING UNITS WEIGHT FOR SEMESTER MARK NUMBER OF QUESTIONS 19 April2022 8 to 10 30% of semester mark 20 Please answer this assignment on the prescribed answer sheet on myUnisa or on hard copy. Feedback on these questions will be provided on myUnisa under Additional Resources after the final closing date for the assignment. For Questions 3.1 to 3.5 you need to indicate whether the statem...

ECS1500 Assignment 2 Semester 1 & 2 2021

ECS1500 ASSIGNMENT 01 SEMESTER 1 ANSWER DISCUSSION (LEARNING UNITS 1– 4) 1.1 The correct answer is option [2] as the statement is false. Prices bring about voluntary responses from buyers and sellers so that market equilibrium can be achieved. This is because buyers and sellers agree on the terms that determine their exchange of goods and services. 1.2 The correct answer is option [2] as the statement is false. A linear curve is a straight line with the exact same slope along the whole ...