Answer to Question #203975 in Microeconomics for Katlego

Question

Evaluate Eskom product in terms of

*Time

*Nature of product

*Availability of close substitutes

Answer 1

(a) Eskom does not provide regular and constant electricity without fluctuations.

(b) Eskom products are coal based produced electricity which is highly used in South Africa.

(c) Other forms of energy like gas and oil can be used as an alternative.