ECS1501 ASSIGNMENT 3 FOR 2024 - Distinction obatined
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Course
Economics IA (ECS1501)
Institution
University Of South Africa (Unisa)
Question 2 Not yet answered Marked out of 1.00
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Question text Mpho downloads 5 movies per month when the price is R30,00 per download and 7 movies per month when the price is R20,50 per download. Mpho’s demand demonstrates the law of
expectations.
demand.
price.
...
Question text
Mpho downloads 5 movies per month when the price is R30,00 per download and 7 movies per
month when the price is R20,50 per download. Mpho’s demand demonstrates the law of
expectations.
demand.
price.
supply.
Clear my choice
Question 3
Not yet answered
Marked out of 1.00
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Question text
Which of the following events could shift the demand curve for petrol to the left?
The price of petrol rises.
Income of petrol buyers falls, and petrol is an inferior good.
Public service announcements are run on television, encouraging people to walk or ride
bicycles instead of driving cars.
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