Economics IA (ECS1501)
University of South Africa (Unisa)
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ECS1601 ASSIGNMENT 1
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ASSIGNMENT QUESTIONS AND ANSWERS
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ecs1501 assignment 7 When Herman got hired as a gardener, he bought a six-pack of beer to celebrate. He is therefore a buyer in the market for goods and a seller in the market for factors of production. a buyer in the market for goods and a buyer in
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ecs1501 assignment 7 
 
 
 
 When Herman got hired as a gardener, he bought a six-pack of beer to celebrate. He is therefore 
 a buyer in the market for goods and a seller in the market for factors of production. 
 a buyer in the market for goods and a buyer in the market for factors of production. 
 a seller in the market for goods and a seller in the market for factors of production. 
 a seller in the market for goods and a buyer in the market for factors of production 
 
 new high-bre diet, p...
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ECS1501 assignment 7 2024
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ECS1501 assignment 7 2024
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ECS1501 assignment 7 2024 | Due 26 August 2024
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ECS1501 assignment 7 2024 Due 26 August 2024
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ECS1501 ASSESSMENT 7 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS
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THIS DOCUMENT CONTAINS ECS1501 ASSESSMENT 7 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS. USE IT CAREFULLY AS A GUIDE TO HELP YOU SCORE ABOVE 80%
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Ecs1501 Assignment 7 2024
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Ecs1501 Assignment 7 2024
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ecs1501 assignment 7 semester 2 2024 due date 26 august 2024 ( complete questions and answers) distinction guaranteed
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ecs1501 assignment 7 semester 2 2024 due date 26 august 2024 ( complete questions and answers) distinction guaranteed
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Ecs1501 Assignment 7 2024
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Ecs1501 Assignment 7 2024
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2024 ECS 1501 assignment 6 distinction guaranteed
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This is the ECs1501. Assignment 6 answers . A distinction is guaranteed
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A possible reason that the demand for petrol is inelastic is because petrol is a luxury good. households spend a small proportion of their income on petrol. a large proportion of the petrol South Africa consumes is imported. there is no close substit
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ECS1501 ASSESSMENT 6 2024 
 
 Producers are interested in the price elasticity of the demand for their product because it indicates what will happen to their total revenue (= P x Q) when the price of the product changes. Note, you will lose 50% of the mark for this question if you choose the incorrect option. 
 If you are not sure about the answer and do not want to guess, choose the “Unsure” option. You will neither receive marks for the question nor will you lose marks for choosing this op...
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