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ECS1501-25-Y
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This question is based on the following diagram.
At a price of R15, there would be a
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If, at the current price, there is a surplus of a good, then
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At any price above the equilibrium price, there will be an excess demand for the good in question.
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This question is based on the following diagram. 
Which of the following would cause the supply curve to shift from Supply B to Supply A in the market for tea?
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This question is based on the following diagram. 
The movement from Point A to Point B represents
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Supply refers to the quantity of a good that is available in a shop on a particular day.
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Supply is a flow concept.
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A supply schedule is a table that shows the different quantities supplied at different prices of the good.
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It is apparent from the figure that
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