FlexFit Premium is an on-demand home fitness streaming platform that distributes structured workout programs and live-streamed classes to members worldwide.
| Period | FlexFit Premium Subscribers (million) |
|---|---|
| October 2021 | 5.2 |
| January 2022 | 12.8 |
| April 2022 | 18.5 |
| July 2022 | 24.0 |
Ceteris paribus, the most likely consequence of the trend shown in the table is that FlexFit Premium will experience an increase in its:
fixed costs
price elasticity of demand
total revenue
income elasticity of demand
10 exam-style questions on Edexcel A A Level Economics 3.3.1 Revenue. Each one has a worked solution and a mark scheme showing where the marks go.