A theatre sells tickets for its performances. Every performance sold out in both months.
| Month | Ticket price | Tickets sold |
|---|---|---|
| April | £12 | 800 |
| May | £12 | 1,200 |
Using the data, explain one likely effect of the change in the theatre's product market on a factor market.
76 exam-style questions on OCR GCSE Economics 2.1 The role of markets, covering 2.1.1 What is a market, 2.1.2 Primary, secondary and tertiary sectors, 2.1.3 Factor and product markets, and 2.1.4 Specialisation and exchange. Each one has a worked solution and a mark scheme showing where the marks go.