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ECS1501 ASSIGNMENT 5 FOR 2ND SEMESTER 2023 $2.86   Add to cart

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ECS1501 ASSIGNMENT 5 FOR 2ND SEMESTER 2023

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Questions and answers with multiple attempts. Please note that questions may differ but we tried combining as many as we can.

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  • August 16, 2023
  • September 22, 2023
  • 43
  • 2023/2024
  • Exam (elaborations)
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ECS1501
ASSIGNMENT 5 FOR SEMESTER 2 2023




FEND TUTORIALS

, Started on Friday, 22 September 2023, 9:29 AM
State Finished
Completed on Friday, 22 September 2023, 9:45 AM
Time taken 15 mins 33 secs
Marks 9.50/15.00
Grade 63.33 out of 100.00
Question 1
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Question text
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
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Mark 1.00 out of 1.00

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Question text
Suppose we observe that the equilibrium quantity of a particular good has decreased significantly
over the past 5 years, with virtually no change in the equilibrium price. The most likely explanation
is that, over the past 5 years,


both supply and demand have increased.


both supply and demand have decreased.


supply has decreased but demand has increased.


supply has increased but demand has decreased.
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