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ECS1501-25-Y
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The shift from D to D1 is called
The movement from point A to point B on the graph shows
Which of the following would cause the demand curve to shift from Demand A to Demand B in the market for oranges?
Mpho downloads 5 movies per month when the price is R30,00 per download and 7 movies per month when the price is R20,50 per download. Mpho’s demand demonstrates the law of
You love peanut butter. You hear on the news that 50 percent of the peanut crop in the Northern Cape has been wiped out by drought, and that this will cause the price of peanuts to double by the end of the year. As a result,
Price | Koleka’s Quantity Demanded | Tebello’s Quantity Demanded | Mmakgantse’s Quantity Demanded | Lineo’s Quantity Demanded |
R12 | 2 | 1 | 3 | 4 |
R10 | 4 | 4 | 4 | 5 |
R8 | 6 | 7 | 5 | 6 |
R6 | 8 | 8 | 4 | 7 |
R4 | 10 | 9 | 3 | 8 |
R2 | 12 | 10 | 2 | 9 |
If these are the only four buyers in the market, then the market quantity demanded at a price of R8 is
Which of the following events could shift the demand curve for petrol to the left?
The demand curve for a good is a line that relates
If a good is "normal," then an increase in income will result in