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Pearson Edexcel GCE A Level In Economics A (9EC0) Paper 01 Market and Business Behaviour 2024 ACTUAL QUESTION PAPER WITH MERGED MARKING SCHEME

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Pearson Edexcel GCE A Level In Economics A (9EC0) Paper 01 Market and Business Behaviour 2024 ACTUAL QUESTION PAPER WITH MERGED MARKING SCHEME

Institution

PEARSON EDEXCEL

Course

PEARSON EDEXCEL

Content preview

surname names

Pearson Edexcel
Number
GCE A Level
Number
In
Economics A (9EC0)
Paper 01 Market and Business Behaviour
Paper

A ■ ■

Advanced
PAPER 1: Markets and business behaviour

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.
• Check your answers if you have time at the end.

,Turn over

, SECTION A
Answer ALL questions. Write your answers in the spaces provided.

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/
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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2

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(b) In 2021, the adult 7-day bus ticket was £21.90. Bus ticket prices in London in 2022
increased by 4.8%. Ceteris paribus, which one of the following is the percentage
decrease in the 7-day bus ticket demand by adults?
(1)

A 0.08
B 1.92

C 3.36

D 12.00

(Total for Question 1 = 5 marks)

3

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Uploaded on: November 2, 2024
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Written in: 2024/2025
Type: Exam (elaborations)
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Pearson Edexcel GCE A Level In Economics A (9EC0) Paper 01 Market and Business Behaviour 2024 ACTUAL QUESTION PAPER WITH MERGED MARKING SCHEME

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