ECS 1500 ASSIGNMENT 2
Johns Hopkins University
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ECS 1500 ASSIGNMENT 2
- Exam (elaborations) • 11 pages • 2021
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Assignment 02 (second semester)
ASSIGNMENT 02 (SECOND SEMESTER)
UNIQUE NUMBER
CLOSING DATE
LEARNING UNITS
WEIGHT FOR SEMESTER MARK
NUMBER OF QUESTIONS
18 September 2020
5 to 7
30% of semester mark
20
2.1 When calculating price elasticity of demand the answer will always be negative, because the demand
curve has a downward slope.
[1] True
[2] False
Explanation: Price elasticities of demand are always negative since price and quantity demanded
always move in opposite directions (o...
Exam (elaborations)
ECS 1500 ASSIGNMENT 2
Last document update:
ago
Assignment 02 (second semester) ASSIGNMENT 02 (SECOND SEMESTER) UNIQUE NUMBER CLOSING DATE LEARNING UNITS WEIGHT FOR SEMESTER MARK NUMBER OF QUESTIONS 18 September 2020 5 to 7 30% of semester mark 20 2.1 When calculating price elasticity of demand the answer will always be negative, because the demand curve has a downward slope. [1] True [2] False Explanation: Price elasticities of demand are always negative since price and quantity demanded always move in opposite directions (o...
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