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Searchable ECS1500 Assignment 2 2023 - Questions and answers - The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done R85,00   Add to cart

Exam (elaborations)

Searchable ECS1500 Assignment 2 2023 - Questions and answers - The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done

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Exam (elaborations) ECS1500 - Economics 1500, Informative, ECS1500,Economics 1500, Assignment 2, 2023, Guidance. The document will guide you on how to answer your assignment 2 of ECS1500, practice and pass

Last document update: 1 year ago

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  • March 5, 2023
  • March 8, 2023
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ECS1500 ASSIGNMENT 1 – 2023




Questions and answers – 100% first attempt




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1. The tastes and preferences of the consumer are factors that will determine the supply of a

product.

The correct answer is 'False'.




2. The supply of a good decreases when the price of a complement in production _____________ and

decreases when the price of a substitute in production _____________.

The correct answer is: falls; rises




Continues on the next pages

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