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

2208 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

To what extent is monetary policy effective in controlling the rate of inflation?


Why does the marginal cost curve cross the average cost curve at its lowest point?


How can I show the impact of a NMW on employment using a supply and demand graph?


What is a Nash Equilibrium?


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:

© 2026 by IXL Learning