PASSMATE TUTORIALS
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144
PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!
1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
,9/14/24, 1:44 PM Assessment 3 (page 1 of 15)
ECS2601-24-S2 Welcome Message Assessment 3
QUIZ
Time left 1:18:01
Question 1
Answer saved
Marked out of 1.00
A normal good is one for which the income elasticity is greater than one.
Select one:
True
False
Question 2
Answer saved
Marked out of 1.00
Consider the following demand and supply functions:
Demand: Qd = 400 – 40P.
Supply: Qs = –100 + 60P.
What is the equilibrium price and output?
a. P = R15 and Q = 800
b. P = R5 and Q = 200
c. P = R3 and Q = 80
d. P = R10 and Q = 300
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22225455&cmid=990759 1/1
,9/14/24, 1:43 PM Assessment 3 (page 2 of 15)
ECS2601-24-S2 Welcome Message Assessment 3
QUIZ
Time left 1:18:13
Question 3
Answer saved
Marked out of 1.00
A change in income cause a shift of the budget line.
Select one:
True
False
Question 4
Answer saved
Marked out of 1.00
An L-shaped isoquant …
a. is impossible.
b. would indicate that capital and labour cannot be substituted for each other in
production.
c. would indicate that the firm could not switch from one output to another.
d. would indicate that the firm could switch from one output to another without any
cost.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22225455&cmid=990759&page=1 1/1
, 9/14/24, 1:44 PM Assessment 3 (page 3 of 15)
ECS2601-24-S2 Welcome Message Assessment 3
QUIZ
Time left 1:17:15
Question 5
Answer saved
Marked out of 1.00
If the supply equation is given as Qs = -100 + 10P, the price elasticity of supply between
R15 and R25, calculated using the arc elasticity of supply, is …
a. 1.0
b. 2.5
c. 2.0
d. 0.5
Clear my choice
Question 6
Answer saved
Marked out of 1.00
A single price usually prevails in a competitive market.
Select one:
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22225455&cmid=990759&page=2 1/1
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144
PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!
1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
,9/14/24, 1:44 PM Assessment 3 (page 1 of 15)
ECS2601-24-S2 Welcome Message Assessment 3
QUIZ
Time left 1:18:01
Question 1
Answer saved
Marked out of 1.00
A normal good is one for which the income elasticity is greater than one.
Select one:
True
False
Question 2
Answer saved
Marked out of 1.00
Consider the following demand and supply functions:
Demand: Qd = 400 – 40P.
Supply: Qs = –100 + 60P.
What is the equilibrium price and output?
a. P = R15 and Q = 800
b. P = R5 and Q = 200
c. P = R3 and Q = 80
d. P = R10 and Q = 300
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22225455&cmid=990759 1/1
,9/14/24, 1:43 PM Assessment 3 (page 2 of 15)
ECS2601-24-S2 Welcome Message Assessment 3
QUIZ
Time left 1:18:13
Question 3
Answer saved
Marked out of 1.00
A change in income cause a shift of the budget line.
Select one:
True
False
Question 4
Answer saved
Marked out of 1.00
An L-shaped isoquant …
a. is impossible.
b. would indicate that capital and labour cannot be substituted for each other in
production.
c. would indicate that the firm could not switch from one output to another.
d. would indicate that the firm could switch from one output to another without any
cost.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22225455&cmid=990759&page=1 1/1
, 9/14/24, 1:44 PM Assessment 3 (page 3 of 15)
ECS2601-24-S2 Welcome Message Assessment 3
QUIZ
Time left 1:17:15
Question 5
Answer saved
Marked out of 1.00
If the supply equation is given as Qs = -100 + 10P, the price elasticity of supply between
R15 and R25, calculated using the arc elasticity of supply, is …
a. 1.0
b. 2.5
c. 2.0
d. 0.5
Clear my choice
Question 6
Answer saved
Marked out of 1.00
A single price usually prevails in a competitive market.
Select one:
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22225455&cmid=990759&page=2 1/1
