Extract C (lines 3–4) states ‘in 2016, before the sharp rise in the cost of living, 32% of adults regularly purchased second-hand clothing, but by 2023, this had risen to 48%.’
Explain two factors that could have increased the percentage of adults who purchase second-hand clothing.
256 exam-style questions on AQA A Level Economics 1.3 Price determination in a competitive market, covering 1.3.1 The determinants of the demand for goods and services, 1.3.2 Price, income and cross elasticities of demand, 1.3.3 The determinants of the supply of goods and services, 1.3.4 Price elasticity of supply, 1.3.5 The determination of equilibrium market prices, and 1.3.6 The interrelationship between markets. Each one has a worked solution and a mark scheme showing where the marks go.