100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECS1501 ASSIGNMENT 5 2024 (i) Which of the presenters best describes the market condition that Giant Bicycles faces and explain why you agree with him or her? R97,00
Add to cart

Exam (elaborations)

ECS1501 ASSIGNMENT 5 2024 (i) Which of the presenters best describes the market condition that Giant Bicycles faces and explain why you agree with him or her?

2 reviews
 5 purchases

ECS1501 ASSIGNMENT 5 2024 (i) Which of the presenters best describes the market condition that Giant Bicycles faces and explain why you agree with him or her? (ii) Draw a diagram of the bicycle market that illustrates the market conditions discussed in the podcast.

Preview 2 out of 5  pages

  • July 20, 2024
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (8)

2  reviews

review-writer-avatar

By: monyakunelly • 7 months ago

reply-writer-avatar

By: passmatetutorials • 6 months ago

Thank you for review. For any engagements, do not hesitate to send us a message

review-writer-avatar

By: nishaliapillay99 • 7 months ago

reply-writer-avatar

By: passmatetutorials • 6 months ago

Thank you for reviewing. Any challenges faced, don`t hesitate to contact us

avatar-seller
passmatetutorials
PASSMATE TUTORIALS



DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.

WE ASSIST WITH OTHER MODULES INCLUDING:

ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.

WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.

OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc

For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram

CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144




1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144

, PASSMATE TUTORIALS


Question 1 (12
marks)
Maximum word count: 100 words

(i) Which of the presenters best describes the market condition that Giant Bicycles
faces and explain why you agree with him or her?

Basically all of them are saying same thing, and they both describe what Giant cycles is
going through. When there is shortage of demand there is reciprocally excessive supply at
the ongoing price. It however depends on what is being held constant.

(ii) Draw a diagram of the bicycle market that illustrates the market conditions
discussed in the podcast.



To illustrate the situation, two graphs can be used. One holding supply constant and demand
used decrease used to explain the situation. Alternatively, demand can be held constant and
supply increasing.

Option 1: Decrease in demand Option 2: Excess supply




(iii) Explain the adjustment process to the new equilibrium position in the bicycle market.

The two diagrams suggest that excess supply or shortage of demand arises because
the price is perceived too high. As such, the price must fall. As price falls, new
equilibrium will be established at lower supply to reduce over supply. Thus, keeping
demand constant, supplier must cut on their supply to the original level keeping price
but reducing quantity. Alternatively, the price must be reduced so that inventory is

2
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller passmatetutorials. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R97,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Start selling

Recently viewed by you


Exam (elaborations) ·

(0)

TEST BANK For Olds' Maternal-Newborn Nursing & Women's Health Across the Lifespan, 11th Edition (Davidson) All 1-36 Chapters Covered ,Latest Edition ISBN:9780135949177

Exam (elaborations) ·

(0)

Rubin's Pathology: Clinicopathologic Foundations of Medicine 7th Edition by David S. Strayer, Emanuel Rubin testbank ISBN: 9781451183900 Chapter 1-34 Complete Guide.

Exam (elaborations) ·

(0)

Solution Manual for Principles of Auditing and other Assurance Services 22nd edition by Ray whittington kurt Consists of 21 Complete Chapters, ISBN: 978-1260598087

Package deal ·

(0)

ATI RN PHARMACOLOGY PROCTORED FINAL EXAM BUNDLE ACTUAL EXAM 2024 COMPLETE 500 QUESTIONS AND CORRECT DETILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+|| BRAND NEW!!

Exam (elaborations) ·

(0)

NR 452 ATI RN COMPREHENSIVE EXIT EXAM _2023 APRIL Chamberlain College of Nursing 1856 QUESTIONS AND ANSWERS ATI RN COMPREHENSIVE EXIT EXAM Terms in this set (1858)

Exam (elaborations) ·

(0)

TEST BANK For Canadian Fundamentals of Nursing Patricia 6th Edition A. Potter, Anne Griffin Perry, Patricia A. Stockert, Amy Hall, Barbara J. Astle & Wendy Duggleby

Exam (elaborations) ·

(1)

USPS | Practice Postal Worker Exam | chapters 1 to 11 | questions and answers with complete solutions | top grade A+ | with marking schemes at end 100% correct answers

Exam (elaborations) ·

(0)

LSUS MHA 710 EXAM 1 HEALTHCARE ECONOMICS NEWEST 2024-2025 ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

Package deal ·

(0)

Portage Learning BIOD 171 Bundled Exams Together with complete solutions Questions and Answers Graded A , Latest Update (Verified Answers) (Full Solution Pack)

R97,00  5x  sold
  • (2)
Add to cart
Added