ECS1500 Economics 1500 (ECS1500)
University of South Africa
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Examen
ECS1500 EXAM PACK 2023 100+ QUESTIONS AND CORRECT ANSWERS GRADED A.
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---47junio 20232022/2023A+
- 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 ...
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onlinetutor2025
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Examen
ECS1500 Assignment 3 Semester 1 2023 (859326 )
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---8junio 20232022/2023A+
- ECS1500 Assignment 3 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 .
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LIBRARYpro
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Examen
ECS1500-Exam-Pack-Revision-Q-and-A.
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---47mayo 20232022/2023A+
- 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...
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ExellentStudyResources
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Examen
ECS1500_ASSIGNMENT_3_2022
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---11mayo 20232022/2023A+
- 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...
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ExellentStudyResources
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Examen
ECS1500 ASSIGNMENT 01 SEMESTER 1
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---9mayo 20232022/2023A+
- 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 ...
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ExellentStudyResources