Ecs1500 Assignment 03 Semester 01 2023

This study source was downloaded by 100000884053005 from CourseHero.com on 05-20-2024 05:56:33 GMT -05:00https://www.coursehero.com/file/217660977/ECS1500-Assignment-03-Semester-01-2023-edited1pdf/ P D1 quantity 0 D1 ECS1500 Assignment 03 Semester 01 2023 Student number: 14961342 Name: Innocent Hlungwane Date submitted: 21 March 2023 Word count: 247 words Question 1 Demand graph for Activated Charcoal in South Africa. Due to the positive reviews of the advertisement for activated charcoal, most consumers preferences and taste for the product will increase which will results in more people wanting to buy the product and demand will increase. Due to the increase in demand the market for activated charcoal will shift to the right of the demand curve.. The price for charcoal activated product will also increase with an upward movement along the supply curve which will establish the new equilibrium for the supply and demand of the product. Price for activated Charcoal Q D DThis study source was downloaded by 100000884053005 from CourseHero.com on 05-20-2024 05:56:33 GMT -05:00https://www.coursehero.com/file/217660977/ECS1500-Assignment-03-Semester-01-2023-edited1pdf/Question 2 e1 P0 P1 e2 0 Q P D1 D s D D1 s Q0 Q1 Q2 0 Q P S S1 Q1 S1 Q D P1 P0 Q0 D Q2 Q1This study source was downloaded by 100000884053005 from CourseHero.com on 05-20-2024 05:56:33