AS Paper 1, June 2019Introduction to Markets and Market Failure
AS Paper 1, June 2019, Q3(b)
Calculate the new total revenue if prices were raised by 3% in 2017 to £7.63, if everything else remained unchanged. You are advised to show your working.
Short answerCalculate3 marks
Context
Amazon Prime, Netflix and NowTV all charge £7.99 per month for streaming very similar film and television services.