A-level Paper 1, June 2023Markets and Business Behaviour

A-level Paper 1, June 2023, Q4(b)

Explain the likely impact of the increase in price of a season ticket on consumer surplus.

Short answerExplain2 marks

Context

An annual season ticket for a train journey between London and Reading is planned to increase from £5044 to £5 664 in 2023.

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Specification topics

Consumer and producer surplus

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