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1.3 Price determination in a competitive market

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Question 10

Extract B (lines 6–8) states: ‘In 2018, battery electric vehicles (BEVs) made up only 1.6% of new car registrations in the UK, but by 2023, this proportion had risen to 16.5%.’

Explain two factors that could have increased the demand for battery electric vehicles.

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Markscheme

1.3 Price determination in a competitive market Questions

  1. A Level
  2. /Economics
  3. /1.3 Price determination in a competitive market

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.

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