AS Paper 1, November 2020Introduction to Markets and Market Failure
AS Paper 1, November 2020, Q5(c)
The diagram below shows the demand for and supply of passenger rail services. Rail fares (£) S P P D D O Q Q Quantity of rail passengers 1 2 The shift of the demand curve from D to D is most likely to result from a: 1 2
Multiple choice1 mark
Context
HS2 is a high-speed rail network linking the north and south of England. HS2 will be four years late and cost double the Department for Transport’s original estimate.
Agovernment decision to impose a tax on workplace parking
Bgovernment decision to increase subsidies for rail travel
Cplanned expansion of the government’s railway track building programme
Dreduction in the tax imposed on a litre of petrol
Original diagram required. See the original question paper for the diagram.