ECO10A Study guides, Class notes & Summaries
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ECO10A ECONOMICS I A (MICROECONOMICS) MODEL ANSWERS FOR ASSIGNMENT QUESTIONS
- Other • 9 pages • 2023
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ECO10A ECONOMICS I A (MICROECONOMICS) MODEL ANSWERS FOR ASSIGNMENT QUESTIONS
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ECO10A Economics IA Microeconomics
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ECO10A Economics IA Microeconomics Assignment 2023 01
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Economics 10A (ECO10A) study guide veridied
- Other • 200 pages • 2023
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Wants are numerous (unlimited), while the available means to satisfy these 
needs are scarce (limited). 
e. i. The production possibilities curve. 
ii. The origin (Here the two axes [horizontal and vertical] cross [or 
intersect] at the value 0.) 
iii. The horizontal line (the “flat” line from left at the origin to right in the 
graph) is called the horizontal axis (or x-axis). In this module, we will 
only work with positive values (like 1, 2, 3, 4, etc). 
To the right of the origin (the va...
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ECONOMICS IA MICROECONOMICS STUDY GUIDE verified
- Other • 166 pages • 2023
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ACTIVITY 1.1 
Note: Solutions to the questions marked with an asterisk (*) are provided at 
the end of this study unit. 
(a) Define economics (in one sentence). 
(b) What is the difference between wants and demand (in one or two 
sentences)? 
(c)* In Table 1-1 below, indicate by means of a tick in the appropriate column, 
which of the items are needs and which are wants.
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ECN10A 2022 01 ASSIGNMENT SEMESTER 2023 verified solutions
- Other • 17 pages • 2023
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QUESTION 6 
6.1. 
A positive change in taste of mussels will result in a shift to the right/up on the demand curve. Both the equilibrium price and equilibrium quantity will increase (move from 1 to 2 – showing that the price and quantity of the mussels have gone up)
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chapter 4 - summaries & notes
- Summary • 46 pages • 2020
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ECO10A - CHAPTER 4 - NOTES & SUMMARIES
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chapter 6 - summaries & notes
- Summary • 35 pages • 2020
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ECO10A - Chapter 6 - notes & summaries
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chapter 3 - summaries & notes
- Summary • 24 pages • 2020
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ECO10A - CHAPTER 3 - NOTES & SUMMARIES
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chapter 7 - summaries & notes
- Summary • 43 pages • 2020
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ECO10A chapter 7 - notes & summaries
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chapter 1 - summaries & notes
- Summary • 27 pages • 2020
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ECO10A - CHAPTER 1 -NOTES & SUMMARIES
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