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
Answered by Jeppe S. Economics tutor

1973 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

In the UK 7% of children are privately educated compared with 24% in Japan. Evaluate whether the provision of education should be left solely to market forces.


Company A has demand function q=2p+5, and supply function q=10p. What is equilibrium price and quantity


What is consumer and producer surplus?


Can you explain quantitative easing?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning