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The market system

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Question 33

Figure 1: Ticket Demand for Charity Concerts

Concert PerformanceQuantity of tickets demanded
Performance X18,400
Performance Y17,100
Performance Z15,800

Calculate the excess demand for tickets if the total quantity supplied for all three concerts is 48,000. You are advised to show your working.

[2]

The market system Questions

  1. IGCSE
  2. /Economics
  3. /The market system