Those looking to get their distinctions in ECONOMICS 1A these solutions are exactly what you need. for more information feel free to send a at 2. This document contains a wide range assignment questions.
Started on Friday, 7 April 2023, 10:50 AM
State Finished
Completed on Friday, 7 April 2023, 11:08 AM
Time taken 17 mins 14 secs
Marks 20.00/21.00
Grade 95.24 out of 100.00
Question 1
Complete
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I confirm
that this assessment will be my own individual work;
that I will not communicate with anyone else in any way during the completion of this assessment;
that I will not cheat in any way in completing and submitting this assessment.
I confirm.
I do not confirm.
Question 2
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Which of the following would NOT affect an individual's demand curve?
You love pecan nuts. You hear on the news that 60 % of the pecan nut crop in the Limpopo Province has been wiped out, which will cause
Dashboard
the / Myby
price to triple courses / of
the end ECS1501-23-S1 / Assessments / Assessment 4
the year. As a result,
you decide to give up pecan nuts completely.
the quantity pecan nuts demanded by you will decrease by the end of the year.
your demand for pecan nuts falls as you look for a substitute good.
your demand for pecan nut butter will decrease by the end of the year.
Question 6
Complete
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The movement from point A to point B on the graph is caused by
Which of the following would cause the demand curve to shift from Demand A to Demand B in the market for oranges?
a decrease in the price of apples
a technological advance that allows oranges to ripen faster
an announcement by the Department of Health that oranges prevent Covid-19 infections
a decrease in the price of oranges
Question 8
Complete
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If Consumer A and Consumer B are the only consumers in the market, then the market quantity demanded when the price is R6 is
8 units.
12 units.
6 units.
4 units.
The market demand is the sum of all individual demand curves at each particular price level. At the price of R6, the market quantity
demanded equals 12, that is, 4 (the quantity demanded by Consumer A) plus 8 (the quantity demanded by Consumer B.
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