Exam (elaborations)
ECS1501 ASSIGNMENT 6 SEMESTER 2 2023
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This document contains ECS1501 Assignment 6 semester 2 Questions and trusted answers.
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UNISA 2023 ECS1501-23-S2 Assessments Assessment 6QUIZ
Started on Friday, 29 September 2023, 5:39 PM
State Finished
Completed on Friday, 29 September 2023, 6:21 PM
Time taken 42 mins 28 secs
Marks 11.00/15.00
Grade 73.33 out of 100.00
Question 1
Complete
Not graded
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
Complete
Mark 1.00 out of 1.00
If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are
more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.
more responsive or sensitive to a change in the demand for beef than to a change in the demand for coffee.
more responsive or sensitive to a change in the demand for coffee than to a change in the demand for beef.
more responsive or sensitive to a change in the price of coffee than to a change in the price of beef.
If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are more responsive or
sensitive to a change in the price of beef than to a change in the price of coffee.
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