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Ecs1501 Assignment 7 semester 2 2023
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10/6/23, 12:47 PM Assessment 7 (page 2 of 18)UNISA 2023 ECS1501-23-S2 Assessments Assessment 7
QUIZ
Time left 1:16:18
Question 2
Not yet answered
Marked out of 1.00
A decrease in the price of hamburgers would probably
result in _____ in the demand for hamburger patties.
random uctuations
no change
an increase
a decrease
Clear my choice
Question 3
Not yet answered
Marked out of 1.00
A decrease in demand and a decrease in supply will
lead to _____ in equilibrium quantity and _____ in
equilibrium price.
an indeterminate change; a decrease
an increase; an indeterminate change
a decrease; an indeterminate change
an indeterminate change; an increase
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=13981898&cmid=622807&page=1 1/1
, 10/6/23, 12:52 PM Assessment 7 (page 3 of 18)
UNISA 2023 ECS1501-23-S2 Assessments Assessment 7
QUIZ
Time left 1:11:13
Question 4
Answer saved
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If coffee and tea are viewed as substitutes in
consumption, then an increase in the price of coffee
will
increase the demand for tea.
increase the supply of tea.
decrease the demand for tea.
increase the supply of coffee.
Clear my choice
Question 5
Answer saved
Marked out of 1.00
In the market for canned brown beans, _____ will
increase if income decreases and if brown beans are
a(n) _____ good.
demand; normal
supply; normal
supply; inferior
demand; inferior
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=13981898&cmid=622807&page=2 1/1
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