AS Paper 1, November 2020Introduction to Markets and Market Failure

AS Paper 1, November 2020, Q6(a)

Explain why ‘the price elasticity of demand for higher education is about –0.5’ may be of relevance to English universities. Refer to Extract A in your answer.

Data responseExplain5 marks

Case study

The market for higher education in the UK

Specification topics

Price, income and cross elasticities of demand

Revision notes

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