AS Paper 1, June 2016Introduction to Markets and Market Failure

AS Paper 1, June 2016, Q4(b)

If the price of an “all you can eat buffet” fell from £8.99 to £6.99, which one of the following is likely to happen?

Multiple choice1 mark

Context

A restaurant in London offers an “all you can eat buffet for £8.99”. At this price you can refill your plate as many times as you like.

AThere is an extension in demand
BThe demand curve shifts to the left
CThe supply curve shifts to the left
DThere is a contraction in demand

Specification topics

Demand

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