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ECS1501 ASSIGNMENT 6 2024 A perfectly inelastic demand curve is a. vertical b. horizontal c. a downward sloping straight line with a slope equal to 1 d. a curved line along which the product of price and quantity is constant.

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ECS1501 ASSIGNMENT 6 2024 A perfectly inelastic demand curve is vertical. horizontal. a downward sloping straight line with a slope equal to 1. a curved line along which the product of price and quantity is constant.

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  • Exam (elaborations)
  •  • 38 pages • 
  • by excelgateinstitute • 
  • uploaded  07-08-2024
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ECS1501 ASSIGNMEMNT 4 2024 If there is excess supply in the market, then the market cannot be in equilibrium. Note, that 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 w

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ECS1501 ASSIGNMEMNT 4 2024 If there is excess supply in the market, then the market cannot be in equilibrium. Note, that 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 option. True False Unsure

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  • Exam (elaborations)
  •  • 48 pages • 
  • by excelgateinstitute • 
  • uploaded  24-06-2024
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