6 marks
Q3(d) Data response: how market forces clear excess demand (context: Stockholm event tickets at 1 500 krona).
Edexcel · 4EC1
Market equilibrium comes up in 20 questions across the Edexcel International GCSE past papers (4EC1), worth 52 marks between them. They run from 2019 to 2025 and appear on iGCSE Paper 1, iGCSE Paper 1R.
Tariffs run from 1 to 9 marks. The commonest instructions are Calculate (9), Identify (MCQ) (6), Analyse (3). Specification points covered: 1.1.3.
Q3(d) Data response: how market forces clear excess demand (context: Stockholm event tickets at 1 500 krona).
Q4(a) Work out excess demand for the product over the first three months of 2024.
Q2(a) Multiple choice picking the diagram that shows excess supply.
Q2(a) Multiple choice picking the diagram that shows excess demand.
Q1(e) Give the meaning of excess supply.
Q2(a) Multiple choice on what happens when goods go unsold in a market.
Q4(a) Work out excess demand for tickets given 60 000 supplied across three events.
Q4(a) Work out excess supply of meals given 261 supplied over three days.
Q4(b) Data response: what sets the price at which tagines sell to tourists.
Q4(a) Work out excess supply of seats given 408 supplied over three evenings.
Q4(a) Work out excess demand for tickets given 9 600 supplied across three concerts.
Q3(d) Data response: how market forces clear excess supply.
Q1(f) Work out excess demand over three months given 9 000 supplied in total.
Q1(f) Work out excess supply of tour guides given 6 000 supplied over three months.
Q2(a) Multiple choice labelling the marked point on the diagram.
Q2(a) Multiple choice picking the diagram showing excess demand.
Q2(a) Multiple choice picking the diagram showing excess supply.
Q2(h) Data response: how far technology can ease the shortage of city-centre parking.
Q4(a) At a $50 price, calculate the surplus left unsold.
Q4(a) At a $20 price, calculate by how much demand runs ahead of supply.
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