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ECS1500 Assignment 3 (COMPLETE ANSWERS) Semester 1 2024 (638823) - DUE 27 May 2024 R50,00   Add to cart
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  3. University Of South Africa (Unisa)
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ECS1500 Assignment 3 (COMPLETE ANSWERS) Semester 1 2024 (638823) - DUE 27 May 2024

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ECS1500 Assignment 3 (COMPLETE ANSWERS) Semester 1 2024 (638823) - DUE 27 May 2024 ; 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9........... Question 1 (5 marks) Maximum word count: 100 words A new video game has been released that requires the...

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ECS1500
Assignment 3 Semester 1 2024
Detailed Solutions, References & Explanations

Unique number: 638823

Due Date: 27 May 2024

QUESTION 1 (2 ANSWERS PROVIDED)

The release of the new popular video game will increase the demand for SUPER
CONSOLE, as more people will want to play the game and will need the specific console
to do so. This will shift the demand curve for SUPER CONSOLE to the right, leading to an
increase in the equilibrium quantity and price of the console. The popularity of the game as
a birthday and Christmas gift will further drive up the demand for the console during these
times. As a result, the market for SUPER CONSOLE will experience increased sales and
potentially higher profits for the console manufacturer.




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