In parts a and b of this question you are required to draw a graph on paper then take a photograph and insert it into your answer file. Please answer the other parts of the question (c-e) in your answer file marking each clearly.

The data table below presents sales records for a Theme Park over a period of twelve months. Management have experimented with different prices and monitored the effects of price changes on tickets sold.

Price Point

Adult Ticket Price

Adult Tickets Sold

(per week)

A

50

10,000 (full capacity)

B

60

9000

C

70

8000

D

80

7000

E

90

6000

a.Plot these data on a graph (2 marks)

A terrible accident happened at the theme park and four people were killed on a ride. The accident was widely publicised and an enquiry found that the deaths were the result of negligence due to poor maintenance of the ride. The following sales figures were observed in the year following the accident.

Price Point

Adult Ticket Price

Adult Tickets Sold

(per week)

A

30

9000

B

40

8000

C

50

7000

D

60

6000

E

70

5000

b.Add these data to your graph and annotate your graph to show what is happening in this case (2 marks)

c.What price would the theme park have to charge to book the park out to full capacity after the accident? (1 mark)

d.In terms of the factors which can cause a shift in demand, which is most likely to explain this shift? Explain your answer (1 mark)

e.What are the other four factors which can cause a shift in demand? Give an example of each. (2 marks)