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please give an answer Question 1: Graphing question (10 marks) Question 1: Graphing question (10 marks)CJ In parts a and b of this question you
please give an answer
Question 1: Graphing question (10 marks)CJ 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-f) 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 Poin DeJ Adult Ticket Pricee goe looe Iloe 120e 130e Adult Tickets Sold (per week)e 20 000 full ca acit 18000e 16000e 14000e 12000e a. Plot these data on a graph. (2.5 marks)CJ A terrible accident happened at the theme park and four people were killed on a ride. The accident was widely 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 accide Price Poin DeJ Adult Ticket Pricee 70e 80e goe looe Iloe Adult Tickets Solde e (per week)e 18000e 16000e 14000e 12000e looooe o b. c. d. e. f. Add these data to your graph and annotate your graph to show what is happening in this case. (1.5 marksp What price would the theme park have to charge to book the park out to full capacity after the accident? (1 mark)CJ 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 that would be relevant to this type of firm. (2 marks)CJ What are the four factors which can cause a shift in supply? Give an example of each that would be relevant to this type of firm. (2 marks)CJ
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