OFFICIAL SUMMER 2025 PEARSON EDEXCEL Pearson Edexcel GCE A Level In Economics A (9EC0) Paper 3 Microeconomics and Macroeconomics MERGED QUESTION PAPER + MARK SCHEME

OFFICIAL SUMMER 2025 PEARSON EDEXCEL Pearson Edexcel GCE A Level In Economics A (9EC0) Paper 3 Microeconomics and Macroeconomics MERGED QUESTION PAPER + MARK SCHEME SECTION A Read Figures 1 and 2 and the following Extracts A, B, C and D in the Source Booklet before answering Question 1. Answer ALL Questions 1(a) to 1(c), and EITHER Question 1(d) OR 1(e). Write your answers in the spaces provided. You are advised to spend 1 hour on this section. 1 (a) Explain one reason why consumers buy less than the social optimum quantity of healthy food. (b) With reference to Extract B, examine two likely reasons why wages in supermarkets are above the National Minimum Wage of £10.42. (c) With reference to Figure 1 and Extract C, discuss whether supermarkets charging similar prices for petrol is evidence of collusion. Use game theory to support your answer. EITHER (d) Evaluate the microeconomic and macroeconomic effects of high levels of inflation. Refer to the UK or any other developed economy in your answer. (5) (8) (12) (25) OR (e) Evaluate the microeconomic and macroeconomic effects of a regional trade agreement between the UK and the EU. 2 (25) ■■■■ DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA1 (a) Explain one reason why consumers buy less than the social optimum quantity of healthy food. (