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2.2 Demand

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Question 8

A concert venue in a town sells tickets for live music events.

Which one of the following would cause a contraction of demand for the venue's tickets?

[1]
A

A rival venue nearby lowers its ticket prices.

B

The population of the town served by the venue falls.

C

The venue lowers the price of its tickets.

D

The venue raises the price of its tickets.

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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