2025 Pearson Edexcel Level 3 GCE Economics B Advanced PAPER 1: Markets and how they work Combined Question Paper and
Marking Scheme
Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 12 May 2025
Morning (Time: 2 hours) Paper
reference 9EB0/01
Economics B
Advanced
PAPER 1: Markets and how they work
You must have: Total Marks
Source Booklet (enclosed)
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.
•• Answer all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
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.
• Calculators may be used.
Advice
• Read each question carefully before you start to answer it.
• Check
Try to answer every question.
• your answers if you have time at the end.
Turn over
P84930A
©2025 Pearson Education Ltd.
Y:1/1/1/
, Answer ALL questions.
SECTION A
DO NOT WRITE IN THIS AREA
Read Extracts A–F in the Source Booklet before answering Question 1.
Write your answers in the spaces provided.
1 (a) Explain one benefit to train operating companies (TOCs) of leasing the trains.
(4)
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, (b) Using a supply and demand diagram, illustrate the impact on the market for
rail travel from a decrease in bus fares.
(4)
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3
Turn over
, (c) Using Extract B, calculate to two decimal places, the percentage of total income
for the rail industry that came from government subsidies between April 2023
and March 2024. You are advised to show your working.
DO NOT WRITE IN THIS AREA
(4)
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4
Marking Scheme
Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 12 May 2025
Morning (Time: 2 hours) Paper
reference 9EB0/01
Economics B
Advanced
PAPER 1: Markets and how they work
You must have: Total Marks
Source Booklet (enclosed)
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.
•• Answer all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
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.
• Calculators may be used.
Advice
• Read each question carefully before you start to answer it.
• Check
Try to answer every question.
• your answers if you have time at the end.
Turn over
P84930A
©2025 Pearson Education Ltd.
Y:1/1/1/
, Answer ALL questions.
SECTION A
DO NOT WRITE IN THIS AREA
Read Extracts A–F in the Source Booklet before answering Question 1.
Write your answers in the spaces provided.
1 (a) Explain one benefit to train operating companies (TOCs) of leasing the trains.
(4)
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
DO NOT WRITE IN THIS AREA
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............................................................................................................................... ............................................................................................................................... ......................
DO NOT WRITE IN THIS AREA
2
, (b) Using a supply and demand diagram, illustrate the impact on the market for
rail travel from a decrease in bus fares.
(4)
DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA
3
Turn over
, (c) Using Extract B, calculate to two decimal places, the percentage of total income
for the rail industry that came from government subsidies between April 2023
and March 2024. You are advised to show your working.
DO NOT WRITE IN THIS AREA
(4)
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DO NOT WRITE IN THIS AREA
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