Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics Edexcel A
  3. Question bank

1.2.1 Rational decision making

EasyMedium
123
Question 3

During a highly publicised international gaming tournament, a local specialised venue experiences a sudden surge in demand for its high-performance PC gaming booths, far exceeding its fixed capacity.

Explain one reason why it is rational for the venue operator to raise booth rental prices when there is excess demand.

[3]

1.2.1 Rational decision making Questions

  1. A Level
  2. /Economics
  3. /1.2.1 Rational decision making