100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECS 2601. Assessment 3 for 1st semester 2023. including with 2 different attempts adopted from stuvia. $2.82   Add to cart

Exam (elaborations)

ECS 2601. Assessment 3 for 1st semester 2023. including with 2 different attempts adopted from stuvia.

 107 views  9 purchases
  • Course
  • Institution

ECS 2601. Assessment 3 for 1st semester 2023. including with 2 different attempts adopted from stuvia.

Preview 3 out of 58  pages

  • May 9, 2023
  • 58
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
avatar-seller
 Dashboard Calendar


Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS2601-23-S1 / Welcome Message / Assessment 3


Started on Tuesday, 9 May 2023, 9:20 AM
State Finished
Completed on Tuesday, 9 May 2023, 10:49 AM
Time taken 1 hour 29 mins
Marks 22.00/30.00
Grade 73.33 out of 100.00


Question 1

Complete
A change in the price of a good cause a shift of the budget line.
Mark 0.00 out of
1.00


Select one:
True

False





,Question 2

Complete
How does an increase in the price of cooking oil affects the budget line on a graph when cooking oil is on the y-axis?
Mark 1.00 out of
1.00
Dashboard Calendar
a. An increase will cause the rotation of the budget line and get more steeper.

b. An increase
Dashboard / Courses / UNISA / 2023 will cause the1 shift
/ Semester of the budet line
/ ECS2601-23-S1 and get more
/ Welcome steeper.
Message / Assessment 3

c. An increase will cause the entire budget line to shift and get flatter.

d. An increase will cause the budget line to rotate and get flatter.




Question 3
Complete

Mark 1.00 out of
Jonathan demand for marbles is given by the demand curve P=20-Q. If the marbles cost R10 each, how much consumer
1.00 surplus does Jonathan have?




a. Impossible to determine.

b. 50

c. 150

d. 100 

, Question 4
Complete

Mark 1.00 out of
Suppose the price of flour, an ingredient used to make bread, increases. Which of the following is true regarding the price
1.00 and the quantity supply of bread.
Dashboard Calendar


Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS2601-23-S1 / Welcome Message / Assessment 3

a. There will be an increase in the price of bread and no change in the quantity supplied.



b.
There will be an increase in the price of bread and a decrease in the quantity supplied.



c. There will be no effect on the price of bread and quantity supplied.



d.
There will be an increase in the price of bread and an increase in the quantity supplied.




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 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 these notes from?

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

Will I be stuck with a subscription?

No, you only buy these notes for $2.82. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80467 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.82  9x  sold
  • (0)
  Add to cart