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ECS1501-25-Y

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A supply curve is an illustration of the quantities supplied at different prices, on the assumption that all the other factors that can influence the quantity supplied, remain unchanged. 

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An increase in the wages of workers at the Volkswagen factory in Uitenhage will result in a movement along the supply curve of Volkswagens.

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A fall in the price of milk, used in the production of ice cream, will cause an increase in the supply of ice cream, that is, a downward or rightward shift of the supply curve.

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The movement from D to D1 is called

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Which of the following would cause the demand curve to shift from Demand B to Demand C in the market for bubble gum?

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It is apparent from the figure that

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Which of the following would not be a determinant of the demand for a particular good?

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Soup is an inferior good if the demand

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If Consumer A and Consumer B are the only consumers in the market, then the market quantity demanded when the price is R6 is

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Suppose that scientists find evidence that proves chocolate pudding lowers cholesterol. We would expect to see

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