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ECS1501 Semester 1 2024 May Closing on 2024/June/03
- Course
- Economics
- Institution
- University Of South Africa (Unisa)
ECS1501 ASSIGNMENT 03....... 2024 May Closes 2024 June 03
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that I will not communicate with anyone else in any way during the completion of this
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Question 2
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Question text
Which of the following demonstrates the law of demand?
Mawethu buys more donuts at R0.25 each than at R0.50 each.
Kafayat buys fewer cup cakes at R0.60 each since the price of hot cross buns fell to R0.50
each.
Theo buys more pretzels at R1.50 each since he got a raise at work.
Malefa buys fewer muffins at R0.75 each than at R1 each.
Feedback
According to the law of demand, there is a negative relationship between quantity
demanded and price. For example, Mawethu buys more donuts at R0.25 each than at R0.50
each.
Question 3
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