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    Grade 10 Project 2024

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    tshireletsoseloane2
    The document provides instructions for a research project on the economics of eating out and takeout spending. Students are asked to interview businesses and customers to understand how ongoing load shedding has impacted demand and supply in the food services industry. They must answer questions about market structure, demand curves, utility analysis, and factors that influence supply. The final submission is due on May 8, 2024.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Grade 10 Project 2024

    Uploaded by

    tshireletsoseloane2
    188 views4 pages
    The document provides instructions for a research project on the economics of eating out and takeout spending. Students are asked to interview businesses and customers to understand how ongoing load shedding has impacted demand and supply in the food services industry. They must answer questions about market structure, demand curves, utility analysis, and factors that influence supply. The final submission is due on May 8, 2024.

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    The document provides instructions for a research project on the economics of eating out and takeout spending. Students are asked to interview businesses and customers to understand how ongoing load shedding has impacted demand and supply in the food services industry. They must answer questions about market structure, demand curves, utility analysis, and factors that influence supply. The final submission is due on May 8, 2024.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    188 views4 pages

    Grade 10 Project 2024

    Uploaded by

    tshireletsoseloane2
    The document provides instructions for a research project on the economics of eating out and takeout spending. Students are asked to interview businesses and customers to understand how ongoing load shedding has impacted demand and supply in the food services industry. They must answer questions about market structure, demand curves, utility analysis, and factors that influence supply. The final submission is due on May 8, 2024.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Johannesburg North District

    ECONOMICS
    RESEARCH PROJECT
    GRADE 10
    TERM 2
    MARKS: 50

    FINAL DATE OF SUBMISSION: 8 May 2024

    N/B Teachers must provide learners with the research by 12 April 2024.
    Economics Grade 10 Research Project
    2024

    INSTRUCTIONS
    1. This is an individual task.
    2. The task is a research project and must be completed and submitted to your
    teacher by latest 8 May 2024.
    3. This is a take-home project.
    4. Identical submitted projects will be rejected and all participants will be awarded
    zero (0) for the task.
    5. Use the mark allocation and rubric to guide the depth and detail of your
    answers.

    6. Plagiarism – copy and paste directly from resources are not allowed.
    7. Do not copy and paste articles of other people and present it as your work.
    8. The project must be written/typed in your own words, supported by research
    data.
    9. Use only black or blue ink.
    10. Write neatly or type your project.
    11. The report should be between 3-4 PAGES, excluding the index page and the
    bibliography.
    Economics Grade 10 Research Project
    2024

    STATEMENT:

    Eating out and take-out spending has increased significantly as people are returning
    to restaurants more and more post pandemic. This trend has significantly increased by
    approximately 60% more during load shedding levels 5 and 6. Ongoing and intensified
    load-shedding has led to a boom in the takeaway and fast food sectors. However, sit-
    down restaurants, coffee shops, and catering services are struggling to return to pre-
    pandemic levels.

    dailyinvestor.com

    Visit some of the businesses/ restaurants listed above and conduct market
    research to help you answer the following questions.
    QUESTION 1
    Interview someone in management in any of the above establishments and answer the
    following questions.
    1.1 Name the market structure illustrated above. (1)
    1.2 What is the nature of the product sold in this market structure? (1)
    1.3 Define the term “hybrid” as used to describe this market structure. (2)
    1.4 Draw a well labeled demand curve of firms in this industry making
    reference to the business you visited. (4)
    1.5 Discuss at least ANY 4 ways in which the business you visited competes
    with other businesses in this market structure. (8)
    [16]
    Economics Grade 10 Research Project
    2024
    QUESTION 2
    Interview any 2 patrons at any of the above restaurants who are consuming the same
    product. Record the satisfaction they derived from the consumption of their meal between
    each bite in the below table. N/B Record the satisfaction on a scale of 1 to 10.
    Patron 1 Patron 2

    Bite Utility Total Total Total


    utility utility
    1

    2.1 Define the term utility. (2)


    2.2 Explain the law of diminishing marginal utility as illustrated by your
    findings from your interview. (2)
    2.3 Discuss any 2 characteristics of utility that you observed from the 2
    patron’s responses. (4)
    2.4 Plot your TU findings on the same graph. (6)
    [14]
    Question 3
    Interview management and write an essay on factors that cause changes in the supply
    of their product. Your essay should include a graph to illustrate how the ongoing energy
    crisis impacts on their ability to supply their product. Your essay should be guided by
    below grid.
    INTRODUCTION 2

    BODY

    Factors influencing changes in supply 12

    Graph – impact of energy crisis on supply 4

    CONCLUSION 2

    (20)

    TOTAL MARKS 50

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