Demand

Evaluate the likely microeconomic consequences of consumers shifting from vehicles powered by fuel obtained from oil to electric-powered vehicles.

Case study · The market for meat and the growth of vegetarianism

With reference to Extract B, explain why the change to meat-substitute products may result in an increase in the revenue of food companies. Refer to the concept of price elasticity of demand in your answer.

Case study · The electronics industry

With reference to Extract A, explain the likely reasons for the change in price of electronic devices. Include a supply and demand diagram in your answer.

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Case study · The market for plastic in the UK

With reference to Extract C, explain how incentives to use reusable coffee cups may lead to a fall in demand for single-use cups.

Case study · The market for television content

Using examples from the information provided, explain what is meant by both ‘substitutes’ and ‘complementary goods’.

Case study · The market for television content

Discuss likely reasons why the market price of streaming television content is increasing. Draw a supply and demand diagram to support your answer.

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Case study · The UK Rail Industry

With reference to Figure 2, examine two possible factors which may have influenced demand for rail travel since 2008.

Case study · The market for cigarettes

Explain why ‘bans on tobacco advertising’ (Extract A, line 7) may result in a decrease in the revenue of tobacco firms. Include a supply and demand diagram in your answer.

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Case study · The market for cigarettes

Explain how changes in the price of tobacco cigarettes may affect the demand for e-cigarettes over time.

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.

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Draw a supply and demand diagram to show the likely effect of the change in the number of subscribers on the market equilibrium for Disney+ services.

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Define the term ‘demand’.

Explain the likely impact of the price increase of national lottery tickets on the demand for using gaming machines.

Explain one likely reason for the difference in average house prices between London and the North East of England.

Explain one likely reason for the decrease in sales of PCs.

With reference to the statement above explain what is meant by ‘diminishing marginal utility’.

Which one of the following factors may cause a shift in demand for new cars?

Ceteris paribus, the most likely consequence of the above data is that Disney+ will experience an increase in its:

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

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A ban on diesel vehicles in city centres will reduce the demand for diesel fuel. This is because:

The percentage decrease in sales of PCs between 2011 and 2015 is:

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?