AS Paper 1, June 2025Introduction to Markets and Market Failure
AS Paper 1, June 2025, Q5(b)
The diagram on the previous page shows new car registrations in March from 2007 to 2023. Using 2010 as the base year, calculate the index number for 2023.
Short answerCalculate3 marks
Context
In March 2019, 458 054 new car registrations were made, which subsequently fell by 44% in March 2020 due to the impact of the global health crisis. Demand for new vehicles can change quickly and can be caused by a variety of factors.
Original diagram required. See the original question paper for the diagram.