1 mark
Q1(a) Multiple choice on which sector car production belongs to.
Edexcel · 4EC1
All 24 questions from the Edexcel iGCSE Paper 1R, Nov 2020 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Demand (2), Market equilibrium (2), Business growth (2), Elasticity (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) Multiple choice on which sector car production belongs to.
Q1(b) Multiple choice picking the diagram showing how a substitute's price cut shifts a market.
Q1(c) Give the meaning of total revenue.
Q1(d) Name one thing that could cause positive economic growth.
Q1(e) Give the meaning of an external benefit.
Q1(f) Work out excess supply of tour guides given 6 000 supplied over three months.
Q1(g) Diagram question: show what a rising birth rate does to the toy market.
Q1(h) Give one benefit to customers of an airline takeover.
Q1(i) Data response: how adverse weather shifts a supply curve.
Q2(a) Multiple choice labelling the marked point on the diagram.
Q2(b) Multiple choice picking the example of derived demand.
Q2(c) Work out the firm's total fixed costs for November.
Q2(d) Give the meaning of demand.
Q2(e) Set out one government policy for tackling negative externalities.
Q2(f) Give one way more irrigation affected farm productivity.
Q2(g) Data response: whether a firm should change its business aims.
Q3(a) Multiple choice on an advantage of being a small firm.
Q3(b) Multiple choice describing a price elasticity of supply of 0.7.
Q3(c) Diagram question: show what raising the retirement age does to the labour market.
Q3(d) Data response: how collusion between firms hurts consumers.
Q3(e) Data response: how far road investment benefits the Cambodian economy.
Q4(a) Work out the opportunity cost of producing 100 more units of capital goods.
Q4(b) Data response: why a firm might be running into diseconomies of scale.
Q4(c) Data response: how much income elasticity of demand matters to a streaming service as incomes rise.
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