Table 1 shows weekly demand and supply in the market for domestic cleaning visits.
| Price per visit (£) | Quantity demanded (visits per week) | Quantity supplied (visits per week) |
|---|---|---|
| 18 | 520 | 250 |
| 22 | 450 | 300 |
| 26 | 380 | 350 |
| 30 | 310 | 400 |
At what price does the market have excess demand of 150 cleaning visits per week?
£22 per visit
£30 per visit
£26 per visit
£18 per visit
236 exam-style questions on AQA GCSE Economics 1.3 How prices are determined, covering 1.3.1a Demand and the factors that influence it, 1.3.1b The demand curve, 1.3.2a Supply and the factors that influence it, 1.3.2b The supply curve, 1.3.3a Determining equilibrium price, 1.3.3b Applying diagrams and showing revenue, 1.3.4a Complements and substitutes, 1.3.4b Effects of changes on related markets, 1.3.5a Price elasticity of demand, 1.3.5b Factors affecting price elasticity of demand, 1.3.5c Measuring PED and its implications, 1.3.6a Price elasticity of supply, 1.3.6b Factors affecting price elasticity of supply, and 1.3.6c Measuring PES and its implications. Each one has a worked solution and a mark scheme showing where the marks go.