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2.2 Demand

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Question 4

A swimming pool increases its ticket price. The table shows the price and the number of tickets sold each week before and after the increase.

BeforeAfter
Price per ticket£6.00£6.90
Tickets sold per week1,2001,080

Calculate the price elasticity of demand for swimming-pool tickets and state whether demand is price elastic or price inelastic.

[4]
Markscheme

2.2 Demand Questions

  1. GCSE
  2. /Economics
  3. /2.2 Demand

82 exam-style questions on OCR GCSE Economics 2.2 Demand, covering 2.2.1 What is demand, 2.2.2 Draw a demand curve using data, 2.2.3 Explain a demand curve, 2.2.4 Shifts and movements of the demand curve, 2.2.5 Causes and consequences of demand changes, 2.2.6 Price elasticity of demand, 2.2.7 Draw demand curves of different elasticity, and 2.2.8 Importance of price elasticity of demand. Each one has a worked solution and a mark scheme showing where the marks go.

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