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ECS1501 Assignment 5 (COMPLETE ANSWERS) 2024 (654552) - DUE 22 July 2024 $2.85   Add to cart
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ECS1501 Assignment 5 (COMPLETE ANSWERS) 2024 (654552) - DUE 22 July 2024

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  • Course
  • Economics IA (ECS1501)
  • Institution
  • University Of South Africa (Unisa)
  • Book
  • Economics for South African Students

ECS1501 Assignment 5 (COMPLETE ANSWERS) 2024 (654552) - DUE 22 July 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us . Question 1 (12 marks) Maximum word count: 100 words Giant, the world’s leading bran...

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  • July 18, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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ECS1501
Assignment 5 2024
Detailed Solutions, References & Explanations

Unique number: 654552

Due Date: 22 July 2024


QUESTION 1

(i) Market Condition Description

The presenter who describes the market condition faced by Giant Bicycles most accurately is
the one who clarifies that the issue is one of over-supply rather than under-demand. This
explanation is more precise because it correctly identifies the imbalance between supply and
demand: Giant Bicycles produced more inventory than the current market demand could absorb.
Therefore, the problem is excess supply, not a deficiency in consumer demand.




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