[10] QUESTION 3
(2)
3.1
(2)
3.2
Name TWO products with an inelastic demand.
What is the significance of price elasticity of demand to a producer?
Distinguish between normal and inferior goods.
(4)
3.3
3.4 Use the scenario below to calculate the Ped (PRICE ELASTICITY OF
DEMAND):
If the price a product increases from R200 to R250 then demand falls from R450
to 300 units. Calculate Ped (PRICE ELASTICITY OF DEMAND) and determine
the degree of elasticity.
(4)
[12]

Apopulation of rabbits live in a local forest. some had a mutation for a large body and long legs. the graph below shows the number of both the mutant and the normal rabbits over 5 generations. which of the following statements is true for this scenario? question 7 options: the rabbits with the mutation were more successful with restricted food than the normal rabbits. both sets of rabbits were equally successful with the restricted food source.i the normal rabbits were more successful with restricted food than the rabbits with the mutation. the graph does not let us know which rabbit was more successful.