Economics (AS & A Level) · May / June 2022 · Paper 11 · Question 7
A popular band is due to perform at a music concert in a venue that has a 5000-seat capacity. Recent appearances and the release of a new album have made the band even more popular. D1 and S represent the original demand and supply curves for concert tickets and D2 the new demand curve. Which diagram best represents the likely outcome on the market for concert tickets?
- ADiagram A
- BDiagram B
- CDiagram C
- DDiagram D
As printed in the paper
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Correct answer: C. Diagram C
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