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ECS1501 Assignment 5 (COMPLETE ANSWERS) 2024 (654552) - DUE 22 July 2024 Course Economics IA (ECS1501) Institution University Of South Africa (Unisa) Book Economics for South African Students$2.50
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ECS1501 Assignment 5 (COMPLETE ANSWERS) 2024 (654552) - DUE 22 July 2024 Course Economics IA (ECS1501) Institution University Of South Africa (Unisa) Book Economics for South African Students
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Course
Economics IA
Institution
University Of South Africa
Book
Economics for South African Students
ECS1501 Assignment 5 (COMPLETE ANSWERS) 2024 (654552) - DUE 22 July 2024
Course
Economics IA (ECS1501)
Institution
University Of South Africa (Unisa)
Book
Economics for South African Students
ECS1601 Assignment 7 (COMPLETE ANSWERS) 2024 - DUE 29 October 2024
ECS1601 Assignment 7 (COMPLETE ANSWERS) 2024 - DUE 29 October 2024 - Course Economics IB (ECS1601)
ECS1601 Assignment 7 (COMPLETE ANSWERS) 2024 - DUE 29 October 2024; 100% TRUSTED Complete, trusted solutions and explanations.Ensure your success with us...
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(654552) - DUE 22 July 2024 ; 100% TRUSTED Complete,
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Question 1 (12 marks) Maximum word count: 100 words Giant,
the world’s leading brand of high-quality bicycles and cycling
gear, announced that their pre-tax profit has decreased by almost
50% while their sales were down by approximately 16%. Watch
the following excerpt from The Wild Ones Podcast
Ep.41produced by Cade Media (attached below) and answer the
following questions. (i) Which of the presenters best describes the
market condition that Giant Bicycles faces and explain why you
agree with him or her? (ii) Draw a diagram of the bicycle market
that illustrates the market conditions discussed in the podcast. (iii)
Explain the adjustment process to the new equilibrium position in
the bicycle market.
(i) Identifying the Presenter's Viewpoint:
• Listen to the podcast excerpt carefully to identify which
presenter describes the market conditions faced by Giant
Bicycles. Consider factors like decreased profit and sales.
• Explain why you agree with this presenter based on their
analysis of the market trends affecting Giant.
(ii) Drawing a Market Diagram:
• Create a diagram of the bicycle market that illustrates the
conditions discussed in the podcast. This could include shifts
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