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Demand

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Question 27

Case Study: Demand for Boutique Music Festivals

The popularity of niche, intimate music festivals has surged in recent years. Organisers of the Solstice Echoes Festival have capped attendance to maintain its boutique atmosphere, but demand for tickets has risen dramatically.

Despite steady increases in ticket prices, Solstice Echoes passes sell out more rapidly each year, leaving many prospective attendees without tickets.

Fig. 2: Sell-out times for Solstice Echoes weekend passes

YearTime to sell out
201924 HOURS
202010 HOURS
2021CANCELLED
20224 HR 30 M
20231 HR 45 M
202450 MINUTES

Using Fig. 2, describe what happened to the time taken to sell Solstice Echoes passes between 2019 and 2023.

[2]

Demand Questions

  1. A Level
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