Please check the examination details below before entering your
candidate information
Candidate surnameOther names
Centre Number Candidate Number
Pearson Edexcel Level
3 GCE
Tuesday 13 May
Morning (Time: 1 hour 30 minutes)
2025 referen 8EC0/
ce
Economics A Paper 01
🟐 🟐
Advanced Subsidiary
PAPER 1: Introduction to Markets and Market
Failure
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
centre number and candidate number.
• There are two sections in this question paper. Answer all questions in
name,
Section A. In Section B, answer all of questions 6(a) to 6(e) and one
question from either 6(f) or 6(g).
• Answer the questions in the spaces
provided – there may be more space
than you need.
Information
• The total mark for this paper is 80.
• The marks for each question are shown in
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
brackets
Advice
• Read each question carefully before you start to answer it.
• Check your answers if you have time at
the end.
Turn over
P72018A
©2025 Pearson
Education Ltd.
Y:1/1/1/1/1/1/1/1/1/1/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
AREA
DO NOT WRITE IN THIS
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 25 minutes on this section.
Use the data to support your answers where relevant. You may annotate
and include diagrams in your answers.
1 (a) Spending on capital goods in the UK rose by 4.8% in
Quarter 4, 2022. Which one of the following is an
example of a capital good?
(1)
A A computer
B Savings in the bank
C Shares in a company
D Underground reserves of oil
AREA
DO NOT WRITE IN THIS
(b) Using an example from your own knowledge, explain the
distinction between renewable and non-renewable resources.
(3)
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
AREA
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
(Total for Question 1 = 4 marks)
2
,■■■■
, 2 (a) In 2021, a bakery sold 2.5 million sausage rolls per week at the price of
£1.00 each. In 2022 the price increased to £1.20. The price elasticity of
demand was estimated to be −0.2.
Calculate the new quantity of sausage rolls sold per week in 2022 after the
DO NOT WRITE IN THIS
price increased, ceteris paribus.
(3)
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
AREA
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
AREA
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
(b) Which one of the following is the most appropriate description of the price
elasticity of demand of −0.2?
(1)
A Perfectly
DO NOT WRITE IN THIS
inelastic
B Relatively elastic
C Relatively
inelastic
D Unitary elastic (Total for Question 2 = 4 marks)
AREA
3
■■■ Turn over
■
candidate information
Candidate surnameOther names
Centre Number Candidate Number
Pearson Edexcel Level
3 GCE
Tuesday 13 May
Morning (Time: 1 hour 30 minutes)
2025 referen 8EC0/
ce
Economics A Paper 01
🟐 🟐
Advanced Subsidiary
PAPER 1: Introduction to Markets and Market
Failure
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
centre number and candidate number.
• There are two sections in this question paper. Answer all questions in
name,
Section A. In Section B, answer all of questions 6(a) to 6(e) and one
question from either 6(f) or 6(g).
• Answer the questions in the spaces
provided – there may be more space
than you need.
Information
• The total mark for this paper is 80.
• The marks for each question are shown in
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
brackets
Advice
• Read each question carefully before you start to answer it.
• Check your answers if you have time at
the end.
Turn over
P72018A
©2025 Pearson
Education Ltd.
Y:1/1/1/1/1/1/1/1/1/1/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
AREA
DO NOT WRITE IN THIS
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 25 minutes on this section.
Use the data to support your answers where relevant. You may annotate
and include diagrams in your answers.
1 (a) Spending on capital goods in the UK rose by 4.8% in
Quarter 4, 2022. Which one of the following is an
example of a capital good?
(1)
A A computer
B Savings in the bank
C Shares in a company
D Underground reserves of oil
AREA
DO NOT WRITE IN THIS
(b) Using an example from your own knowledge, explain the
distinction between renewable and non-renewable resources.
(3)
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
AREA
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
(Total for Question 1 = 4 marks)
2
,■■■■
, 2 (a) In 2021, a bakery sold 2.5 million sausage rolls per week at the price of
£1.00 each. In 2022 the price increased to £1.20. The price elasticity of
demand was estimated to be −0.2.
Calculate the new quantity of sausage rolls sold per week in 2022 after the
DO NOT WRITE IN THIS
price increased, ceteris paribus.
(3)
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
AREA
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
AREA
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
(b) Which one of the following is the most appropriate description of the price
elasticity of demand of −0.2?
(1)
A Perfectly
DO NOT WRITE IN THIS
inelastic
B Relatively elastic
C Relatively
inelastic
D Unitary elastic (Total for Question 2 = 4 marks)
AREA
3
■■■ Turn over
■
