1 mark
Q1(a) Pick out the capital good from four items (a computer / money saved in a bank / company shares / oil still underground).
Edexcel · 9EC0 / 8EC0 / WEC11–14
All 18 questions from the Edexcel AS Level Paper 1, June 2025 Economics paper (9EC0 / 8EC0 / WEC11–14), worth 100 marks in total. The main topics tested are Elasticity (3), The economic problem (2), Demand (2), Economic systems (1).
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) Pick out the capital good from four items (a computer / money saved in a bank / company shares / oil still underground).
Q1(b) Explain how renewable resources differ from non-renewable ones, illustrating with an example you supply yourself.
Q2(a) Weekly sales were 2.5 million sausage rolls at £1.00 in 2021; given a 2022 price of £1.20 and PED −0.2, find the new quantity.
Q2(b) Choose the label fitting a PED value of −0.2 (perfectly inelastic / relatively elastic / relatively inelastic / unit elastic).
Q3(a) Give the meaning of a free market, set against Singapore's highly developed economy.
Q3(b) Select the most probable cause of a free market missing the social optimum.
Q3(c) Explain why private firms tend not to supply public goods.
Q4(a) Identify what would move the coffee bean supply curve rightwards (weaker coffee demand / producer subsidy / production tax / higher costs).
Q4(b) Explain the way market forces work to remove a surplus of coffee.
Q5(a) Choose the factor capable of shifting demand for new cars (advertising / production costs / indirect taxes / producer subsidies).
Q5(b) From the March new car registrations chart, 2007-2023, work out the 2023 index number taking 2010 as base.
Q6(a) Using Extract B and price elasticity of demand, explain how a switch towards meat substitutes could lift food companies' revenue.
Q6(b) Assess whether shoppers moving to meat substitutes count as rational decision-makers, using the material supplied plus your own knowledge.
Q6(c) Using Extract B's final paragraph, explain two things that shape price elasticity of supply.
Q6(d) Explain how positive statements differ from normative ones in economics, drawing illustrations from Extract A or Extract B.
Q6(e) Using Extract A, discuss the private and external costs arising from meat farming; a suitable diagram is needed.
Q6(f) Evaluate, with a diagram, the microeconomic consequences of cutting subsidies paid to livestock farmers.
Q6(g) Evaluate, with a diagram, the microeconomic consequences of raising indirect tax on animal products.
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