A Level Paper 3, June 2025

Q1(a) Give one reason why UK supermarket shoppers purchase healthy food below the socially optimum quantity.

Q1(b) Using Extract B, examine two explanations for supermarket pay exceeding the £10.42 National Minimum Wage.

Q1(c) Discuss whether near-identical supermarket petrol prices point to collusion, using game theory alongside Figure 1 and Extract C.

Q1(d) Evaluate at micro and macro level what sustained high inflation does to the UK or another developed economy.

Q1(e) Evaluate the micro and macro consequences that a regional trade agreement linking the UK and the EU would produce.

Q2(a) On a demand and supply diagram, show what India's cooking oil subsidy costs the government (Extract E).

Q2(b) Examine two strengths of the Human Development Index (HDI) as a gauge of India's economic development.

Q2(c) Using Extract F, discuss what can go wrong with India's buffer stock system.

Q2(d) Evaluate the micro and macro explanations put forward for poverty declining in India.

Q2(e) Evaluate at both micro and macro level the consequences of India's population expanding rapidly.