More households have started repairing their own bicycles instead of using a local cycle-repair workshop.
| Before the change | After the change | |
|---|---|---|
| Paid bicycle repairs per month | 500 | 300 |
| Monthly tax receipts linked to the workshop's sales | £2,500 | £1,500 |
Using the information above, explain one likely effect of this change on the cycle-repair workshop and one likely effect on households that use public services.
81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.