Pearson Edexcel Level 3 GCE Economics A AdvancedPAPER 1: Markets and business
behavior QP MAY 2024
[Author name] [Date] [Course title]
, Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Wednesday 15 May 2024
reference 9EC0/01
Morning (Time: 2 hours) Paper
Economics A
Advanced
PAPER 1: Markets and business behaviour
You must have a calculator. Total Marks
Pearson Edexcel Level 3 GCE Economics A AdvancedPAPER 1: Markets and business behavior
QP MAY 2024
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your name, centre number
and candidate number.
• There are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
Information
• The total mark for this paper is 100.
• The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
Advice
• Read each question carefully before you start to answer it.
• Try to answer every question.
• Check your answers if you have time at the end.
Turn over
P73999A
©2024 Pearson Education Ltd.
*P73999A0132*
,F:1/1/1/1/1/1/1/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA
Some questions must be answered with a cross in a box . If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross .
You are advised to spend 30 minutes on this section.
Use the data to support your answers where relevant.
You may annotate and include diagrams in your answers.
1 The table below shows price elasticity of demand for bus tickets in London 2021
Age Price elasticity of demand
18+ Student −0.7
Adult −0.4
(Source adapted from: https://assets.publishing.service.gov.uk/government/uploads/
DO NOT WRITE IN THIS AREA
system/uploads/attachment_data/file/669090/youth-travel-concessions-price-
elasticity.pdf and https://tfl.gov.uk/fares/find-fares/bus-and-tram-fares#on-this-page-4)
(a) Explain one likely reason for the difference in the price elasticity of demand
for the 18+ student bus ticket and the adult bus ticket.
(4)
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DO NOT WRITE IN THIS AREA
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2
*P73999A0232*
behavior QP MAY 2024
[Author name] [Date] [Course title]
, Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Wednesday 15 May 2024
reference 9EC0/01
Morning (Time: 2 hours) Paper
Economics A
Advanced
PAPER 1: Markets and business behaviour
You must have a calculator. Total Marks
Pearson Edexcel Level 3 GCE Economics A AdvancedPAPER 1: Markets and business behavior
QP MAY 2024
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your name, centre number
and candidate number.
• There are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
Information
• The total mark for this paper is 100.
• The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
Advice
• Read each question carefully before you start to answer it.
• Try to answer every question.
• Check your answers if you have time at the end.
Turn over
P73999A
©2024 Pearson Education Ltd.
*P73999A0132*
,F:1/1/1/1/1/1/1/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA
Some questions must be answered with a cross in a box . If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross .
You are advised to spend 30 minutes on this section.
Use the data to support your answers where relevant.
You may annotate and include diagrams in your answers.
1 The table below shows price elasticity of demand for bus tickets in London 2021
Age Price elasticity of demand
18+ Student −0.7
Adult −0.4
(Source adapted from: https://assets.publishing.service.gov.uk/government/uploads/
DO NOT WRITE IN THIS AREA
system/uploads/attachment_data/file/669090/youth-travel-concessions-price-
elasticity.pdf and https://tfl.gov.uk/fares/find-fares/bus-and-tram-fares#on-this-page-4)
(a) Explain one likely reason for the difference in the price elasticity of demand
for the 18+ student bus ticket and the adult bus ticket.
(4)
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
DO NOT WRITE IN THIS AREA
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2
*P73999A0232*
