EXCELGATE INSTITUTE 0846244729
PU E
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,EXCELGATE INSTITUTE 0846244729
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELGATE should
not be rendered accountable since the contents in this document only give learners a
kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENTS.
Education is the most powerful weapon which you can use to change the world
,8/6/24, 2:25 PM Assessment 6: Attempt review
ECS1501-24-Y Assessments Assessment 6
QUIZ
Started on Tuesday, 6 August 2024, 1:54 PM
State Finished
Completed on Tuesday, 6 August 2024, 2:24 PM
Time taken 30 mins 21 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.
Question 2
Complete
Mark 1.00 out of 1.00
If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are
more responsive or sensitive to a change in the demand for coffee than to a change in the demand for beef.
more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.
more responsive or sensitive to a change in the price of coffee than to a change in the price of beef.
more responsive or sensitive to a change in the demand for beef than to a change in the demand for coffee.
If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are more responsive or
sensitive to a change in the price of beef than to a change in the price of coffee.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20624439&cmid=869197 1/8
, 8/6/24, 2:25 PM Assessment 6: Attempt review
Question 3
Complete
Mark 1.00 out of 1.00
A perfectly inelastic demand curve is
vertical.
horizontal.
a downward sloping straight line with a slope equal to 1.
a curved line along which the product of price and quantity is constant.
A perfectly inelastic demand curve is vertical. vertical.
Question 4
Complete
Mark 1.00 out of 1.00
If price elasticity is less than one, a fall in price lowers the total revenue of the suppliers in question.
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
If price elasticity is less than one, it means that demand is inelastic. In this case, a fall in price will decrease the total revenue
of the suppliers, as the increase in quantity sold will not be enough to compensate for the decrease in price.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20624439&cmid=869197 2/8
PU E
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,EXCELGATE INSTITUTE 0846244729
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELGATE should
not be rendered accountable since the contents in this document only give learners a
kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENTS.
Education is the most powerful weapon which you can use to change the world
,8/6/24, 2:25 PM Assessment 6: Attempt review
ECS1501-24-Y Assessments Assessment 6
QUIZ
Started on Tuesday, 6 August 2024, 1:54 PM
State Finished
Completed on Tuesday, 6 August 2024, 2:24 PM
Time taken 30 mins 21 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.
Question 2
Complete
Mark 1.00 out of 1.00
If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are
more responsive or sensitive to a change in the demand for coffee than to a change in the demand for beef.
more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.
more responsive or sensitive to a change in the price of coffee than to a change in the price of beef.
more responsive or sensitive to a change in the demand for beef than to a change in the demand for coffee.
If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are more responsive or
sensitive to a change in the price of beef than to a change in the price of coffee.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20624439&cmid=869197 1/8
, 8/6/24, 2:25 PM Assessment 6: Attempt review
Question 3
Complete
Mark 1.00 out of 1.00
A perfectly inelastic demand curve is
vertical.
horizontal.
a downward sloping straight line with a slope equal to 1.
a curved line along which the product of price and quantity is constant.
A perfectly inelastic demand curve is vertical. vertical.
Question 4
Complete
Mark 1.00 out of 1.00
If price elasticity is less than one, a fall in price lowers the total revenue of the suppliers in question.
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
If price elasticity is less than one, it means that demand is inelastic. In this case, a fall in price will decrease the total revenue
of the suppliers, as the increase in quantity sold will not be enough to compensate for the decrease in price.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20624439&cmid=869197 2/8
