Ecs1501 assignment 3 - Study guides, Study notes & Summaries
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ECS1501 ASSIGNMENT 03 SOLUTIONS (ONLINE), SEMESTER 1, 2022
- Exam (elaborations) • 11 pages • 2022
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ECS1501 - Economics IA Assignment 03 Solutions (Distinction guaranteed)
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ECS1501 ASSIGNMENT 3 SOLUTIONS SEMESTER 1 2022
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ECS1501 ASSIGNMENT 3 SOLUTIONS SEMESTER 1 2022
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ECS1501 ASSIGNMENT 3 SOLUTIONS SEMESTER 1 2022
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ECS1501 ASSIGNMENT 3 SOLUTIONS SEMESTER 1 2022
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ECS1501 - Assignment 1 to 4 answers - Semester 1, 2019
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ECS1501 - Assignment 1 to 4 
answers - Semester 1, 2019 
12 
8 ASSIGNMENTS 
8.1 FIRST SEMESTER ASSIGNMENTS 
ASSIGNMENT 01 
UNIQUE NUMBER 
Due date: 
Content: 
Weight: 
Submit: 
18 February 2019 
Learning units 1 to 5 
10% of your semester mark 
Via myUnisa or on a mark-reading sheet 
This assignment was compiled by Lerato Nkosi. 
1.1 Economics is the study of 
[1] how society manages its unlimited resources. 
[2] how to reduce our wants until we are satisfied. 
[3] how society manages its scarc...
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ECS1501 ASSIGNMENT 3 SOLUTIONS SEMESTER 1 2022
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ECS1501 ASSIGNMENT 3 SOLUTIONS SEMESTER 1 2022
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ECS1501 ASSIGNMENT 03 SEMETER 02
- Exam (elaborations) • 13 pages • 2023
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3.1 When a price ceiling is imposed in a market 
[1] a persistent shortage is created. 
[2] a persistent surplus is created. 
[3] sellers of the product are made better off. 
[4] quantity supplied is greater than the quantity demanded. 
Explanation: 
The easiest way to answer this question is to draw a diagram of a market 
and apply the different options to it. 
From the diagram one can see that if a price ceiling of R2 500 is imposed, 
quantity demanded is 18 000 and quantity supplied is 12 000...
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ECS1500 Assignment 3 Semester 1 2023 (859326)
- Exam (elaborations) • 8 pages • 2023
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ECS1500 Assignment 3 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . 
QUESTION 1 Due to an increased advertising effort about the positive effect of activated charcoal in beauty products, consumers in South Africa are eager to buy beauty products that contain this ingredient. Explain how this will affect the market for activated charcoal. You are allowed to use a diagram to explain your answer, but you will only be all...
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ECS1501 ASSIGNMENT 3 2021/22
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ECS1501 ASSIGNMENT 3 2021/22 
2 When government imposes price ceilings and floors in markets 
[1]	shortages and surpluses are eliminated. 
[2]	both buyers and sellers are better off. 
[3]	price no longer serves as a rationing mechanism. 
[4]	efficiency in the market is increased. ------------------------- TO CONTINUE ----------------------- DOWNLOAD NOW FOR BETTER SCORES.
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MNB1501 - Business Management IA
- Other • 11 pages • 2023
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SEMESTER 1	 
Module (Please click on the module to see further information)	Pre-requisite/Co-requisite/Recommendation 
Group A. Compulsory 
CLA1501 - Commercial Law IA 
Assignment-1, Assignment-2, Assignment-3, Assignment-4 
ECS1501 - Economics IA 
Assignment-1, Assignment-2, Assignment-3, Assignment-4 
ECS1601 - Economics IB (Macroeconomics I) 
Assignment-1, Assignment-2, Assignment-3, Assignment-4 
FAC1502 - Financial Accounting Principles, Concepts and Procedures 
Assignment-1, Assignment-2, ...
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AIN1501 - Accounting Information Systems in a Comp
- Other • 11 pages • 2023
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SEMESTER 1	 
Module (Please click on the module to see further information)	Pre-requisite/Co-requisite/Recommendation 
Group A. Compulsory 
CLA1501 - Commercial Law IA 
Assignment-1, Assignment-2, Assignment-3, Assignment-4 
ECS1501 - Economics IA 
Assignment-1, Assignment-2, Assignment-3, Assignment-4 
ECS1601 - Economics IB (Macroeconomics I) 
Assignment-1, Assignment-2, Assignment-3, Assignment-4 
FAC1502 - Financial Accounting Principles, Concepts and Procedures 
Assignment-1, Assignment-2, ...
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