Economics (ECS1501)

University of the Freestate (UFS)

Here are the best resources to pass Economics (ECS1501). Find Economics (ECS1501) study guides, notes, assignments, and much more.

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Lecture notes ECONOMICS (ECS1501)
  • Lecture notes ECONOMICS (ECS1501)

  • Class notes • 10 pages • 2022
  • This chapter introduces students to the important concepts of demand and supply. The chapter uses examples to illustrate how changes in non-price factors impact demand, supply, and the resulting market equilibrium. Demand is the relationship between price and the quantity demanded of a good by consumers in a given period of time, all other factors held constant. Supply is the relationship between price and the quantity supplied of a good by producers in a given period of time, all other factors...
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Lecture notes ECONOMICS (ECS1501)
  • Lecture notes ECONOMICS (ECS1501)

  • Class notes • 6 pages • 2022
  • This chapter introduces students to the important concepts of demand and supply. The chapter uses examples to illustrate how changes in non-price factors impact demand, supply, and the resulting market equilibrium. Demand is the relationship between price and the quantity demanded of a good by consumers in a given period of time, all other factors held constant. Supply is the relationship between price and the quantity supplied of a good by producers in a given period of time, all other factors...
    (0)
  • R97,00
  • + learn more