A large employer has arranged for its employees to pay £3 for a weekday session at a private swimming pool, instead of the usual £10. The employer pays the pool the remaining £7 for each employee visit.
Explain one way this arrangement could affect consumers and one way it could affect producers.
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.