4 marks
Q1(a) Explain one benefit of a free market economy, using the material on Cuba permitting small private businesses.
Edexcel · 9EC0 / 8EC0 / WEC11–14
All 19 questions from the Edexcel A Level Paper 1, June 2023 Economics paper (9EC0 / 8EC0 / WEC11–14), worth 125 marks in total. The main topics tested are Production possibility frontiers (3), Economic systems (2), Elasticity (2), Consumer & producer surplus (2).
Each question is summarised in our own words with its mark tariff, command word and specification point, and links through to the official paper.
Question paper → Mark scheme → Examiner report → Open in the searchable bank →
Q1(a) Explain one benefit of a free market economy, using the material on Cuba permitting small private businesses.
Q1(b) Identify the economist who backed command economies (Smith / Hayek / Keynes / Marx).
Q2(a) From a wheat-versus-oats PPF, calculate what a farmer gives up by moving from X to Y to harvest 6 wheat units.
Q2(b) Explain what producing at W, a point inside the PPF, means for efficiency next year.
Q2(c) Which of the following would most likely help the farmer reach point Z (outside the current PPF)?
Q3(a) Identify the likely income elasticity of demand value for a luxury brownie, given falling demand as incomes fall.
Q3(b) Show the short-run profit-maximising position of a luxury brownie maker making losses in monopolistic competition.
Q4(a) Calculate by what percentage the London–Reading annual season ticket rose in 2023, from £5044 to £5664.
Q4(b) Explain what the higher season ticket price does to consumer surplus for rail travellers.
Q4(c) Using a sugary drinks demand and supply diagram, state which area shows how producer surplus alters under a minimum price.
Q5(a) Read off the 2022 ratio of public to private sector pay from the pay index shown.
Q5(b) Apply monopsony to explain why public sector nurses saw smaller pay increases than private sector staff.
Q6(a) Use the market share figures to explain which market structure fits UK online streaming best.
Q6(b) Assess whether Netflix subscribers behave rationally, with reference to information on 'nudges', free trials and subscription cancellations.
Q6(c) Examine what number cross elasticity of demand would probably take between rival UK streaming services.
Q6(d) Discuss the private and external gains from watching educational TV and sites such as BBC Bitesize and Oak National Academy.
Q6(e) Discuss how price discrimination affects firm profits, using streaming subscription pricing as the example; a diagram is required.
Q7 Evaluate ways the UK government could hold down household energy bills after the 80% rise in the average bill during 2021–22.
Q8 Evaluate how UK government policy might cut the carbon emitted by road transport.
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