Ecs1500 semester 2 Study guides, Study notes & Summaries

ECS1500 ASSIGNMENT 3 SEMESTER 2 2023

ECS1500 ASSIGNMENT 3 SEMESTER 2 2023

ECS1500 ASSIGNMENT 3 SEMESTER 2 2023

ECS1500 Assignment 3 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . QUESTION 1 Due to an increased advertising effort about the positive effect of activated charcoal in beauty products, consumers in South Africa are eager to buy beauty products that contain this ingredient. Explain how this will affect the market for activated charcoal. You are allowed to use a diagram to explain your answer, but you will only be all...

ECS1500 Assignment 5 Semester 2 2022. Scarcity applies to the poor only. 1. True 2. False 2. A decrease in the supply of apples is illustrated by an upward or a leftward shift of the entire supply curve. 1. True 2. False 3. The four factors of production are land, labour, entrepreneurship and capital goods. 1. True 2. False 4. If the supply of, as well as the demand for apples were to increase, there would be a decrease in the price of apples, but the direction of the change in the eq...

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 ...

ECS1500 Assignment 3 Semester 1 2023 Answers, guidelines, workings and references ................................................ QUESTION 1 Due to an increased advertising effort about the positive effect of activated charcoal in beauty products, consumers in South Africa are eager to buy beauty products that contain this ingredient. Explain how this will affect the market for activated charcoal. You are allowed to use a diagram to explain your answer, but you will only be allocated marks fo...

ECS1500 ASSIGNMENT 2 SEMESTER 2 - 2022

ECS1500 Assignment 5 Semester 2 2022. Scarcity applies to the poor only. 1. True 2. False 2. A decrease in the supply of apples is illustrated by an upward or a leftward shift of the entire supply curve. 1. True 2. False 3. The four factors of production are land, labour, entrepreneurship and capital goods. 1. True 2. False 4. If the supply of, as well as the demand for apples were to increase, there would be a decrease in the price of apples, but the direction of the change in the eq...

ECS1500 Assignment 5 Semester 2 2022. Scarcity applies to the poor only. 1. True 2. False 2. A decrease in the supply of apples is illustrated by an upward or a leftward shift of the entire supply curve. 1. True 2. False 3. The four factors of production are land, labour, entrepreneurship and capital goods. 1. True 2. False 4. If the supply of, as well as the demand for apples were to increase, there would be a decrease in the price of apples, but the direction of the change in the e...