A zoo raises its admission price. The table shows its price and weekly admissions before and after the price rise.
| Before the price rise | After the price rise | |
|---|---|---|
| Price per admission | £20 | £22 |
| Admissions sold per week | 1,500 | 1,395 |
Calculate the zoo's total revenue per week before and after the price rise.
Explain why the zoo's total revenue changed after the price rise.
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.