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ECS1501 Topic 8 Practical assignmentECS1501 Topic 8 Practical assignment What word/words will an economist use to describe the market condition depicted in the cartoon Draw a diagram of the market for petrol that illustrates the market condition depicte$2.81
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ECS1501 Topic 8 Practical assignmentECS1501 Topic 8 Practical assignment What word/words will an economist use to describe the market condition depicted in the cartoon Draw a diagram of the market for petrol that illustrates the market condition depicte
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Course
Economics IA (ECS1501)
Institution
University Of South Africa (Unisa)
ECS1501 Topic 8 Practical assignment
What word/words will an economist use to describe the market condition depicted in the cartoon
Draw a diagram of the market for petrol that illustrates the market condition depicted in the cartoon.
Explain the adjustment process to the new equilibrium p...
, BMZ ACADEMY
ECS1501 Topic 8 - Practice written assessment.
Please answer all the questions using the allocated number of words. Include the word count in your
document as shown below. Please do not exceed the allocated word count. The maximum word
count for all three questions together is 350 words. Upload only one document that contains the
answers to all three questions. Please submit your answer using the following format:
Date submitted: …………………………………………………………………………………………
Word count: ………………………………………………………………………………………………
Table of Contents
Question 1 (39 words) ................................................................................................ 3
Question 2 (5 marks) No words allowed, only a diagram with annotations ................ 4
Question 3 (13 marks) 190 words ............................................................................ 4
BMZ ACADEMY 061 262 1185/068 053 8213Page 2 of 8
2|Page
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