AQA A level ECONOMICS Study guides, Class notes & Summaries
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AQA A LEVEL ECONOMICS 7136/3 PAPER 3 ECONOMICS PRINCIPLES AND ISSUE VERSION 1.0 FINAL |QUESTION PAPER AND MERGED MARKING SCHEME JUNE 2023
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The fall in price and increase in the quantity demanded of lemons could have been 
caused by 
[1 mark] 
A a fall in the price of a substitute for lemons, oranges. 
B a rise in the price of lemonade. 
C a reduction in the price of a complement for lemons, fish. 
D favourable weather leading to a record harvest.3 
*03* 
Turn over ► 
IB/G/Jun23/7136/3 
Do not write 
outside the 
0 2 The environment is a scarce resource. A consequence of this is that box 
[1 mark] 
A all natural resources have a m...
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AQA A LEVEL ECONOMICS 7136/2 PAPER 2 NATIONAL AND INTERNATIONAL ECONOMY VERSION 1.0 FINAL |QUESTION PAPER AND MERGED MARKING SCHEME JUNE 2023
- Exam (elaborations) • 30 pages • 2024
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Ireland has dropped its low-tax policy of the past 18 years, which had helped to persuade some 
of the world’s biggest companies, including Google and Facebook, to site their European 
headquarters in Ireland. Countries who are members of the Organisation for Economic 
Co-operation and Development (OECD), have agreed to a minimum corporation tax rate of 15%. 
Initially, Ireland was one of nine countries that refused to join the scheme but they have now all 
agreed to do so. 
5 
The deal brings...
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AQA A LEVEL ECONOMICS 7136/1 PAPER 1 MARKETS AND MARKET FAILURE VERSION 1.0 FINAL |QUESTION PAPER AND MERGED MARKING SCHEME JUNE 2023
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Sales of electric vehicles (EVs) in Europe have jumped from 198 000 in 2018 to an expected 
1.17 million in 2021. They are an alternative to petrol and diesel vehicles, which create 
damaging emissions through air pollution and contribute to climate change. EVs still only make 
up about 1% of all cars on the road, but global sales of EVs are forecast to reach 10.7 million by 
2025 and then 28.2 million by 2030. Carmakers have announced a total of $330 billion of 
investment into electric and bat...
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AQA A LEVEL ECONOMICS PAPER 2 EXAM|QUESTIONS AND CORRECT ANSWERS|WITH STUDY GUIDE 2024|ACCURATE ACTUAL EXAM FREQUENTLY TESTED QUESTIONS|GRADED A|LATEST UPDATE
- Exam (elaborations) • 47 pages • 2024
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AQA A LEVEL ECONOMICS PAPER 2 EXAM|QUESTIONS AND CORRECT ANSWERS|WITH STUDY GUIDE 2024|ACCURATE ACTUAL EXAM FREQUENTLY TESTED QUESTIONS|GRADED A|LATEST UPDATE
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AQA ECONOMICS PAPER 1 THE OPERATIONS OF AND MARKET FAILURE QUESTIONS WITH A MERGED MARKING SCHEME |GUARANTEED SUCCESS|2024
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Which one of the following gives rise to opportunity cost? 
[1 mark] 
A Alternative uses for resources 
B Market failures for many goods 
C The methodology of positive economics 
D The presence of externalities 
0 2 A bakery decides to increase the price of the bread that it sells. 
Which one of the following price elasticities of demand for bread will result in the largest 
increase in the bakery’s total revenue? 
[1 mark] 
A –0.4 
B –0.8 
C –1.0 
D –2.0
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AQA A-LEVEL ECONOMICS PAPER 3 WITH MERGED MARKING SCHEME
- Exam (elaborations) • 48 pages • 2024
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The fall in price and increase in the quantity demanded of lemons could have been 
caused by 
[1 mark] 
A a fall in the price of a substitute for lemons, oranges. 
B a rise in the price of lemonade. 
C a reduction in the price of a complement for lemons, fish. 
D favourable weather leading to a record harvest.3 
*03* 
Turn over ► 
IB/G/Jun23/7136/3 
Do not write 
outside the 
0 2 The environment is a scarce resource. A consequence of this is that box 
[1 mark] 
A all natural resources have a m...
-
AQA A-LEVEL ECONOMICS PAPER 2 NATIONAL AND INTERNATIONAL ECONOMY MAY 2024 QUESTIONS AND ANSWERS (EXPERT CERTIFIED 100%) LATEST! LATEST
- Exam (elaborations) • 14 pages • 2024
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AQA A-LEVEL ECONOMICS PAPER 2 NATIONAL AND 
INTERNATIONAL ECONOMY MAY 2024 QUESTIONS AND 
ANSWERS (EXPERT CERTIFIED 100%) LATEST! LATEST
-
AQA A-level Economics Paper 2 Assignment 2023/2024 With 100% Correct Answers. LATEST 2024 UPDATE, GUARANTEED A+
- Exam (elaborations) • 58 pages • 2024
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1.	What is meant by price elasticity of demand?	[2marks] 
 
Price elasticity of demand is a responsiveness of quantity demanded due to change in price of a commodity. 
2.	What is meant by price elasticity of demand?	[5marks] 
 
Price elasticity of demand is a responsiveness of quantity demanded due to change in price of a commodity. It can be calculated using a formula. 
 
 
% CHANGE IN QUANTITY DEMANDED 
PED =	 	 
% CHANGE IN PRICE 
 
 
There are five types of elasticity where the value ranges ...
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AQA A-level ECONOMICS Paper 3 JUNE 2023 FINAL QUESTION PAPER Economic Principles and Issues
- Exam (elaborations) • 47 pages • 2023
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A-level 
ECONOMICS 
Paper 3 Economic Principles and Issues 
JUNE 2023
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