Exam (elaborations)
ECS1500 ASSIGNMENT 2 SEMESTER 2 2023
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This document contains ECS1500 Assignment 2 semester 2 Questions and trusted answers.
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By: maserolenanciaphela • 1 year ago
By: BrightTutor • 1 year ago
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A rightward shift of the supply curve,leading to a price decrease of the price
of wallets from R45 to R35 and an
increase in the quantity demanded from
300 000 to 350 000, shows that
Select one;
a. the supply of wallets is inelastic
b. the supply of wallets is elastic
c. the demand for walletsis «
inelastic
d. the demand for wallets is
elastic
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