Explain why the price of average tickets has risen by £10 in the last month. Use a supply and demand diagram. (5 marks)

This is an example of a 5 marker in the second part of new spec edexcel paper 1

1 mark for defining supply and demand

1 mark for applying it to context (text provided in the exam) 

3 marks for diagram (original equilibrium, shifts and new equilibrium)

JS

Related Economics A Level answers

All answers ▸

Explain why the housing market is not a perfectly competitive market.


What's the difference between PED, PES, YED, and XED?


How should I answer data response questions?


What characteristics might a perfectly competitive market have? Choose 3 (6 marks)