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2025 - ECS1501 - ASSESSMENT 3 - QUESTIONS AND ANSWERS $4.87
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2025 - ECS1501 - ASSESSMENT 3 - QUESTIONS AND ANSWERS
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  • Course
  • Economics IA (ECS1501)
  • Institution
  • University Of South Africa (Unisa)

This document contains different assessments, all with scores ranging from 90% to 100%. Using it appropriately ensures passing with distinction.

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Document information

  • December 11, 2024
  • 183
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • questions and answers

Written for

  • University of South Africa (Unisa)
  • Economics IA (ECS1501)
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2025 – ECS1501 – ASSESSMENT 3 – EXPECTED QUESTIONS AND ANSWERS



Assessment 3
Started on Sunday, 26 May 2024,
State Finished
Completed on Sunday, 26 May 2024,
Time taken
Marks 12.00/12.00
Grade 100.00 out of 100.00


Question 1
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




1

, 2025 – ECS1501 – ASSESSMENT 3 – EXPECTED QUESTIONS AND ANSWERS




Which of the following would cause the demand curve to shift from Demand B to
Demand C in the market for bubble gum?



a decrease in the cost of dental procedures



a change in consumer preferences toward eating fruit rather than sweets



a decrease in the price of bubble gum



an increase in the number of people visiting South Africa

Feedback
This question deals with shifts of versus movements along curves. The easiest way
to deal with the distinction between the two is to remember that if there is a change
in price (and only if there is a change in price), we have a change in quantity
demanded. A change in quantity demanded is shown by a movement along the
demand curve. If any of the other determinants of demand change (income, taste,
fashion …) there is a change in demand, which is illustrated by a shift of the demand
curve. An increase in the number of people visiting South Africa leads to an increase
in the demand for bubble gum and the demand curve shifts to the right.




2

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