AQA · 7136 / 7135

Equilibrium market prices

15questions
68marks
5series
2020–2023years

Equilibrium market prices comes up in 15 questions across the AQA A Level and AS past papers (7136 / 7135), worth 68 marks between them. They run from 2020 to 2023 and appear on A Level Paper 1, A Level Paper 3.

Tariffs run from 1 to 15 marks. The commonest instructions are Multiple choice (10), Explain how (2), Explain (2). Specification points covered: 4.1.3.1, 4.1.3.2, 4.1.3.4, 4.1.3.5, 4.1.3.6.

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Jun 2023 5 questions

4 marksA Level · Paper 1 · Context 1

Interpret data linking vehicle market trends to battery demand

4.1.3.6Interrelationship between marketsExplain howWritten
1 markA Level · Paper 3 · No choice

Identify the cause of a price fall with greater quantity bought.

4.1.3.5Market equilibriumMultiple choiceMultiple choice
1 markA Level · Paper 3 · No choice

Calculate cross elasticity between two nut varieties after a price rise.

4.1.3.2Cross elasticity of demandMultiple choiceMultiple choice
1 markA Level · Paper 3 · No choice

Explain linked shifts across two crop markets using price signals.

4.1.3.6Interrelated marketsMultiple choiceMultiple choice
15 marksA Level · Paper 3 · No choice

Why does the global price for tea rise and fall?

4.1.3.5Commodity price volatilityExplainWritten

Jun 2022 3 questions

1 markA Level · Paper 3 · No choice

Judge elasticity and revenue effects of cutting a scarf's price.

4.1.3.2Price elasticity of demandMultiple choiceMultiple choice
1 markA Level · Paper 3 · No choice

Explain why car output can respond readily to higher prices.

4.1.3.4Price elasticity of supplyMultiple choiceMultiple choice
15 marksA Level · Paper 3 · No choice

Which influences should an aircraft producer weigh in predicting demand for its planes?

4.1.3.1Determinants of demandExplainWritten

Nov 2021 2 questions

15 marksA Level · Paper 1 · Essay 2

Explain using XED how separate markets are linked

4.1.3.2Elasticities of demandExplain howWritten
1 markA Level · Paper 3 · No choice

Explain a new equilibrium in one market after shifts linked to a rival drink.

4.1.3.5Equilibrium market pricesMultiple choiceMultiple choice

Nov 2020 2 questions

1 markA Level · Paper 3 · No choice

Effect of a ten per cent price rise on elasticity and on receipts, using a demand diagram.

4.1.3.2Price elasticity of demandMultiple choiceMultiple choice
1 markA Level · Paper 3 · No choice

Work out how a schedule's market clearing price and shortages change after buyers get richer.

4.1.3.5Equilibrium market pricesMultiple choiceMultiple choice

Specimen 3 questions

9 marksA Level · Paper 1 · Context 2

Diagram showing how concentrated income drives up house prices

4.1.3.5Equilibrium market pricesWith the help of a diagramWritten
1 markA Level · Paper 3 · No choice

Explain an outward shift of the curve for a normal item and the resulting higher price.

4.1.3.1Determinants of demandMultiple choiceMultiple choice
1 markA Level · Paper 3 · No choice

Calculate the rise in quantity offered given an elasticity value and a price change.

4.1.3.4Price elasticity of supplyMultiple choiceMultiple choice

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