Economics IA ECS1501 (ECS1501)
University of South Africa (Unisa)
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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?
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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.
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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?
- Exam (elaborations) • 5 pages • 2024
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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.
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ECS1501 Assignment 4 2024
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ECS1501 Assignment 4 2024
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ECS1501 ASSESSMENT 3 SEMESTER 1 2024_SEARCHABLE
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ECS1501 ASSESSMENT 3 SEMESTER 1 2024_SEARCHABLE
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ECS1501 ASSESSMENT 3 SEMESTER 1 2024 Today's demand curve for petrol could shift in response to Which of the following is not a determinant of demand? Two goods are substitutes if a decrease in the price of one good The demand curve for a good is a
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ECS1501 ASSESSMENT 3 SEMESTER 1 2024 
 
Today's demand curve for petrol could shift in response to 
 
Which of the following is not a determinant of demand? 
 
Two goods are substitutes if a decrease in the price of one good 
 
The demand curve for a good is a line that relates
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ECS1501 ASSIGNMENT 2 2024 SEARCHABLE Suppose you have graduated with a degree in accounting and are offered a job with an accounting firm. But you are also considering joining an R&B band and abandoning your promising career inN accounting. The opportuni
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ECS1501 ASSIGNMENT 2 2024 SEARCHABLE 
 
Suppose you have graduated with a degree in accounting and are offered a job with an accounting firm. But you are also considering joining an R&B band and abandoning your promising career inN accounting. The opportunity cost of aiming at stardom would include all of the following except 
 
In economics, capital refers to 
 
Which of the following is not one of the central economic questions that all economic systems aim to answer 
 
A microeconomist might ...
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ECS1501 ASSESSMENT 1 2024 SEARCHABLE
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ECS1501 ASSESSMENT 1 2024 SEARCHABLE
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ECS1501 ASSESSMENT 1 2024 SEARCHABLE Economic growth shifts the PPC outward. In March 2020, a factory used new technology to produce its output. Then in July 2020, a fire destroys half the factory. The new technology shifted the factory's PPC _____ a
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ECS1501 ASSESSMENT 1 2024 SEARCHABLE 
 
Economic growth shifts the PPC outward. 
 
In March 2020, a factory used new technology to produce its output. Then in July 2020, a fire destroys half the factory. The new technology shifted the factory's PPC _____ and the fire shifted it _______. 
 
A point inside a production possibilities curve 
 
The fact that opportunity costs increase while moving along a production possibilities curve suggests that a production possibilities curve for any economy w...
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