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ScotlandEconomicsQuick questions

Economics of the Market

Quick questions on Theory of demand: the demand curve and its determinants - SQA Higher Economics

2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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State whether each event causes a movement along, or a shift of, the demand curve for cinema tickets: (a) the ticket price falls; (b) average incomes rise; (c) the price of streaming subscriptions falls. [3 marks]
What is q2?
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Explain why a fall in the price of petrol might reduce the demand for cycles. [3 marks]

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