Other
ECS1501 ASSIGNMENT 6 2024
- Course
- Institution
ECS1501 ASSIGNMENT 6 2024
[Show more]
Seller
Follow
tatendamuzavazi
Reviews received
Content preview
8/7/24, 6:35 PM Assessment 6: Attempt reviewECS1501-24-Y Assessments Assessment 6
QUIZ
Started on Tuesday, 6 August
2024, 1:20 PM
State Finished
Completed on Tuesday, 6 August
2024, 1:47 PM
Time taken 26 mins 29 secs
Marks 12.00/12.00
Grade 100.00 out of 100.00
Question 1
Complete
Not graded
I confirm
that this assessment will be my own
individual work;
that I will not communicate with anyone
else in any way during the completion of
this assessment;
that I will not cheat in any way in
completing and submitting this
assessment.
I confirm.
I do not confirm.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20623014&cmid=869197 1/11
,8/7/24, 6:35 PM Assessment 6: Attempt review
Question 2
Complete
Mark 1.00 out of 1.00
A 10 percent increase in the price of
spinach results in a 20 percent decrease
in the quantity of spinach demanded.
What is the price elasticity of demand for
spinach?
2
20
0,5
10
This question requires a straightforward
application of the formula for price
elasticity.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20623014&cmid=869197 2/11
,8/7/24, 6:35 PM Assessment 6: Attempt review
Question 3
Complete
Mark 1.00 out of 1.00
A perfectly inelastic demand curve is
a downward sloping straight line
with a slope equal to 1.
horizontal.
a curved line along which the
product of price and quantity is
constant.
vertical.
A perfectly inelastic demand curve is
vertical. vertical.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20623014&cmid=869197 3/11
, 8/7/24, 6:35 PM Assessment 6: Attempt review
Question 4
Complete
Mark 1.00 out of 1.00
Price elasticity of demand varies from
point to point along a linear normal
demand curve.
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 option.
True
False
Unsure
The statement is true. The price elasticity
of demand varies from point to point
along a linear normal demand curve.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20623014&cmid=869197 4/11
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.86. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75759 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now