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3.4 Market structures

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Question 37

Figure 3: Price of a single coach journey, Bristol to Newcastle, Sunday 17th November 2024 14:00 hours

Passenger TypeTicket Price
Standard Adult£64.00
Student Coachcard (16–26)£41.60

Using the data in Figure 3 and your economic knowledge, discuss the likely benefits of price discrimination to coach passengers. Use a diagram to support your answer.

Price Discrimination Diagram

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3.4 Market structures Questions

  1. A Level
  2. /Economics
  3. /3.4 Market structures