Question 3
A rail company reduces the price of parking at its stations. This makes travelling by train more convenient for commuters. Figure 1 shows the original demand curve for train journeys.
Figure 1
On Figure 1, draw the new demand curve for train journeys and show the direction of the shift.
2.2 Demand Questions
41 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.