This document contains all the question with the correct solutions that you will need to complete assignment 5 of semester 2. For further assistance, don't hesitate to contact me.
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ECS1501: ASSIGNMENT 5 SEMESTER 2 2022
An upward movement along a supply curve is also called an increase in supply.
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option.
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choosing this option.
True
False
Unsure
Supply is a flow concept.
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option.
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choosing this option.
True
False
Unsure
,A movement from point c to point d could be the result of an increase in the price of
cabbage.
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option.
If you are not sure about the answer and do not want to guess, choose the “Unsure”
option. You will neither receive marks for the question nor will you lose marks for
choosing this option.
True
False
Unsure
An increase in the price of any of the factors of production will result in an upward (or
leftward) shift of the supply curve.
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option.
If you are not sure about the answer and do not want to guess, choose the “Unsure”
option. You will neither receive marks for the question nor will you lose marks for
choosing this option.
True
False
Unsure
, In their supply decisions, producers take account of the prices of all the alternative
products which they can produce.
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option.
If you are not sure about the answer and do not want to guess, choose the “Unsure”
option. You will neither receive marks for the question nor will you lose marks for
choosing this option.
True
False
Unsure
A movement from point a to point c could be caused by an increase in the number of
cabbage producers.
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option.
.
True
False
Unsure
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