A-level Paper 1, June 2025Markets and Business Behaviour
A-level Paper 1, June 2025, Q4(b)
In September 2022, the online retailer, Amazon, increased the price of its Prime service from £7.99 a month to £8.99. As a result, almost 600 000 people cancelled their subscriptions. Which one of the following is the most likely explanation of this behaviour? These consumers:
Multiple choice1 mark
Aaim to maximise profits
Baim to maximise utility
Cdemonstrate habitual behaviour
Ddemonstrate weakness at computation