The table shows the number of bicycle-hire sessions two consumers are willing and able to buy each month.
| Price per session | Consumer R | Consumer S |
|---|---|---|
| £5 | 8 | 6 |
| £8 | 5 | 3 |
Only the price of a bicycle-hire session changes.
Which option correctly shows how market demand is found at each price and what happens when the price rises from £5 to £8?
Add 8 + 5 for Consumer R and 6 + 3 for Consumer S; there is a decrease in demand.
Add 8 + 6 at £5 and 5 + 3 at £8; there is a decrease in demand.
Add 8 + 6 at £5 and 5 + 3 at £8; there is a contraction of demand.
Add 8 + 5 for Consumer R and 6 + 3 for Consumer S; there is a contraction of 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.