| Ticket Category | Price |
|---|---|
| Peak Standard (22–64 yrs) | £36.00 |
| Youth / Student (12–21 yrs) | £22.00 |
| Senior (65+ yrs) | £25.00 |
| Child (3–11 yrs) | £15.00 |
| Twilight Ticket (Entry after 4 PM) | £18.00 |
With reference to Figure 1, discuss the likely impact of price discrimination on Novus Science & Exhibition Centre's profit. Include an appropriate diagram in your answer.
92 exam-style questions on Edexcel A A Level Economics 3.4 Market structures, covering 3.4.1 Efficiency, 3.4.2 Perfect competition, 3.4.3 Monopolistic competition, 3.4.4 Oligopoly, 3.4.5 Monopoly, 3.4.6 Monopsony, and 3.4.7 Contestability. Each one has a worked solution and a mark scheme showing where the marks go.