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The role of markets

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Question 2

An intercity rail operator experiences an increase in passenger journeys booked after lowering its off-peak ticket prices.

How would this increase in quantity demanded be represented on a demand diagram for off-peak rail travel?

A contraction of demand along the demand curve

An extension of demand along the demand curve

A parallel shift of the demand curve to the left

A parallel shift of the demand curve to the right

The role of markets Questions

  1. A Level
  2. /Economics
  3. /The role of markets