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

2042 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What is the effect on price and quantity on flight tickets when the oil price has increased.


Explain how price and output are determined in both the short run and long run in a monopolistically competitive market (15 marks)


Macroeconomic policy can both be a problem and a solution in economic fluctuations. Explain.


How do I explain what effect an increase in government spending may have on unemployment and inflation in an economy?


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