Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel International Advanced Level
Friday 9 January 2026 Mark Scheme
Afternoon (Time: 1 hour 45 minutes) Paper
reference WEC11/01 (Results)
Economics
International Advanced Subsidiary
UNIT 1: Markets in action
January 2026
You must have: Total Marks
Source Booklet (enclosed)
Instructions
Pearson Edexcel in International A Level in Economics
•• Use black ink or ball-point pen. WEC11/01
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
•• Answer ALL questions in Sections A, B and C.
Answer ONE question in Section D.
• 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 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 your answers if you have time at the end.
Turn over
P82910APearson Education Ltd.
C:1/1/1/
*P82910A0128*
, Edexcel and BTEC Qualifications
SECTION A
Answer ALL questions in this section.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
Questions must be answered with a cross in a box . If you change your mind about an answer, largest awarding body. We provide a wide range of qualifications
put a line through the box and then mark your new answer with a cross . including academic, vocational, occupational and specific
programmes for employers. For further information visit our
1 Cuba has many features of a command economy. qualifications websites at or .
Alternatively, you can get in touch with us using the details on our
Which one of the following is a possible disadvantage of a command economy?
contact us page at
A The profit incentive leads to more innovation
B Bureaucratic systems that are inefficient
C Unemployment is non-existent
D Inequality of income between workers Pearson: helping people progress, everywhere
(Total for Question 1 = 1 mark) Pearson aspires to be the world’s leading learning company. Our aim is to help
everyone progress in their lives through education. We believe in every kind of
2 Which one of the following is the best definition of a normative economic statement? learning, for all kinds of people, wherever they are in the world. We’ve been involved
in education for over 150 years, and by working across 70 countries, in 100
A A statement that is value-free
languages, we have built an international reputation for our commitment to high
B A statement beginning with the term ‘ceteris paribus’ standards and raising achievement through innovation in education. Find out more
about how we can help you and your students at:
C A statement that contains a value judgement
D A statement that can be proved to be true or false
(Total for Question 2 = 1 mark)
3 Which one of the following is an example of government failure?
A An increase in the price of a product resulting from an increase in demand
B The free-rider problem resulting in the non-provision of public goods
C A market bubble resulting from speculators buying stocks and shares
January 2026
D Unintended consequences resulting from the introduction of an indirect tax
Question Paper Log Number P82910A
(Total for Question 3 = 1 mark) Publication Code WEC11_01_2601_MS
All the material in this publication is
Pearson Education Ltd
2
*P82910A0228*
, General Marking Guidance
4 The table shows the percentage change in real wages and the percentage change in • All candidates must receive the same treatment. Examiners must mark the first
the number of cinema tickets sold between 2023 and 2024 for Slovakia.
candidate in exactly the same way as they mark the last.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
• Mark schemes should be applied positively. Candidates must be rewarded for
Percentage change
what they have shown they can do rather than penalised for omissions.
Change in real wages +3.7% • Examiners should mark according to the mark scheme not according to their
perception of where the grade boundaries may lie.
Change in the number of cinema tickets sold +8.0%
• There is no ceiling on achievement. All marks on the mark scheme
should be used appropriately.
Ceteris paribus, which one of the following can be deduced from the table?
• All the marks on the mark scheme are designed to be awarded. Examiners
A Income elasticity of demand is 2.16 should always award full marks if deserved, i.e. if the answer matches the mark
scheme. Examiners should also be prepared to award zero marks if the
B Income elasticity of demand is 0.46
candidate’s response is not worthy of credit according to the mark scheme.
C Demand for cinema tickets is price elastic
• Where some judgement is required, mark schemes will provide the principles by
D Cinema tickets are an inferior good which marks will be awarded and exemplification may be limited.
(Total for Question 4 = 1 mark) • When examiners are in doubt regarding the application of the mark scheme to a
candidate’s
response, the team leader must be consulted.
• Crossed out work should be marked UNLESS the candidate has replaced it with
an alternative response.
3
*P82910A0328* Turn over
, Section A
Question Quantitative skills assessed Answer Mark
5 The diagram shows the market for rubber following an increase in demand for its use 1 QS9: Interpret, apply and The only correct answer is B
in the manufacture of tyres. analyse information in written, (1)
graphical, tabular and A is not correct because this is a
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
E numerical forms possible advantage of the free
Price per market economy
kg A S C is not correct because this is a possible
advantage of the command economy
D is not correct because this is a
possible disadvantage of the free
market economy
P1 F 2 QS9: Interpret, apply and The only correct answer is C
Pe B
analyse information in written, (1)
graphical, tabular and A is not correct because this would be
numerical forms a positive economic statement B is
not correct because this is where all
other things remain equal
D is not correct because this defines a
positive statement
C
3 QS9: Interpret, apply and The only correct answer is D
analyse information in written, (1)
D1 graphical, tabular and A is not correct because this is the market
D numerical forms functioning correctly
0 Qe Q1 B is not correct because
Quantity of
non-provision of public goods is an
rubber, kg example of a market failure
C is not correct because a market bubble
Which one of the following can be deduced from the diagram? is an example of market
failure
4 QS8: Make calculations of The only correct answer is A
A P1EF is the new producer surplus elasticity and interpret the (1)
result B is not correct because the calculation
B P1FC is the new consumer surplus QS9: Interpret, apply and used was % change in income / %
analyse information in written, change in QD
C PeP1FB is the change in consumer surplus graphical, tabular and C is not correct because the value shows
numerical forms income elastic demand
D PeP1FB is the change in producer surplus D is not correct because cinema is a
normal/luxury good so has a positive
(Total for Question 5 = 1 mark) income elasticity of demand
5 QS4: Construct and interpret The only correct answer is D
a range of standard graphical (1)
forms QS9: Interpret, apply A is not correct because this is the new
and analyse information in consumer surplus
written, graphical, tabular and B is not correct because this is the new
numerical forms producer surplus
C is not correct because this is the
change in producer surplus not
consumer surplus
4
*P82910A0428*
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel International Advanced Level
Friday 9 January 2026 Mark Scheme
Afternoon (Time: 1 hour 45 minutes) Paper
reference WEC11/01 (Results)
Economics
International Advanced Subsidiary
UNIT 1: Markets in action
January 2026
You must have: Total Marks
Source Booklet (enclosed)
Instructions
Pearson Edexcel in International A Level in Economics
•• Use black ink or ball-point pen. WEC11/01
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
•• Answer ALL questions in Sections A, B and C.
Answer ONE question in Section D.
• 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 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 your answers if you have time at the end.
Turn over
P82910APearson Education Ltd.
C:1/1/1/
*P82910A0128*
, Edexcel and BTEC Qualifications
SECTION A
Answer ALL questions in this section.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
Questions must be answered with a cross in a box . If you change your mind about an answer, largest awarding body. We provide a wide range of qualifications
put a line through the box and then mark your new answer with a cross . including academic, vocational, occupational and specific
programmes for employers. For further information visit our
1 Cuba has many features of a command economy. qualifications websites at or .
Alternatively, you can get in touch with us using the details on our
Which one of the following is a possible disadvantage of a command economy?
contact us page at
A The profit incentive leads to more innovation
B Bureaucratic systems that are inefficient
C Unemployment is non-existent
D Inequality of income between workers Pearson: helping people progress, everywhere
(Total for Question 1 = 1 mark) Pearson aspires to be the world’s leading learning company. Our aim is to help
everyone progress in their lives through education. We believe in every kind of
2 Which one of the following is the best definition of a normative economic statement? learning, for all kinds of people, wherever they are in the world. We’ve been involved
in education for over 150 years, and by working across 70 countries, in 100
A A statement that is value-free
languages, we have built an international reputation for our commitment to high
B A statement beginning with the term ‘ceteris paribus’ standards and raising achievement through innovation in education. Find out more
about how we can help you and your students at:
C A statement that contains a value judgement
D A statement that can be proved to be true or false
(Total for Question 2 = 1 mark)
3 Which one of the following is an example of government failure?
A An increase in the price of a product resulting from an increase in demand
B The free-rider problem resulting in the non-provision of public goods
C A market bubble resulting from speculators buying stocks and shares
January 2026
D Unintended consequences resulting from the introduction of an indirect tax
Question Paper Log Number P82910A
(Total for Question 3 = 1 mark) Publication Code WEC11_01_2601_MS
All the material in this publication is
Pearson Education Ltd
2
*P82910A0228*
, General Marking Guidance
4 The table shows the percentage change in real wages and the percentage change in • All candidates must receive the same treatment. Examiners must mark the first
the number of cinema tickets sold between 2023 and 2024 for Slovakia.
candidate in exactly the same way as they mark the last.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
• Mark schemes should be applied positively. Candidates must be rewarded for
Percentage change
what they have shown they can do rather than penalised for omissions.
Change in real wages +3.7% • Examiners should mark according to the mark scheme not according to their
perception of where the grade boundaries may lie.
Change in the number of cinema tickets sold +8.0%
• There is no ceiling on achievement. All marks on the mark scheme
should be used appropriately.
Ceteris paribus, which one of the following can be deduced from the table?
• All the marks on the mark scheme are designed to be awarded. Examiners
A Income elasticity of demand is 2.16 should always award full marks if deserved, i.e. if the answer matches the mark
scheme. Examiners should also be prepared to award zero marks if the
B Income elasticity of demand is 0.46
candidate’s response is not worthy of credit according to the mark scheme.
C Demand for cinema tickets is price elastic
• Where some judgement is required, mark schemes will provide the principles by
D Cinema tickets are an inferior good which marks will be awarded and exemplification may be limited.
(Total for Question 4 = 1 mark) • When examiners are in doubt regarding the application of the mark scheme to a
candidate’s
response, the team leader must be consulted.
• Crossed out work should be marked UNLESS the candidate has replaced it with
an alternative response.
3
*P82910A0328* Turn over
, Section A
Question Quantitative skills assessed Answer Mark
5 The diagram shows the market for rubber following an increase in demand for its use 1 QS9: Interpret, apply and The only correct answer is B
in the manufacture of tyres. analyse information in written, (1)
graphical, tabular and A is not correct because this is a
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
E numerical forms possible advantage of the free
Price per market economy
kg A S C is not correct because this is a possible
advantage of the command economy
D is not correct because this is a
possible disadvantage of the free
market economy
P1 F 2 QS9: Interpret, apply and The only correct answer is C
Pe B
analyse information in written, (1)
graphical, tabular and A is not correct because this would be
numerical forms a positive economic statement B is
not correct because this is where all
other things remain equal
D is not correct because this defines a
positive statement
C
3 QS9: Interpret, apply and The only correct answer is D
analyse information in written, (1)
D1 graphical, tabular and A is not correct because this is the market
D numerical forms functioning correctly
0 Qe Q1 B is not correct because
Quantity of
non-provision of public goods is an
rubber, kg example of a market failure
C is not correct because a market bubble
Which one of the following can be deduced from the diagram? is an example of market
failure
4 QS8: Make calculations of The only correct answer is A
A P1EF is the new producer surplus elasticity and interpret the (1)
result B is not correct because the calculation
B P1FC is the new consumer surplus QS9: Interpret, apply and used was % change in income / %
analyse information in written, change in QD
C PeP1FB is the change in consumer surplus graphical, tabular and C is not correct because the value shows
numerical forms income elastic demand
D PeP1FB is the change in producer surplus D is not correct because cinema is a
normal/luxury good so has a positive
(Total for Question 5 = 1 mark) income elasticity of demand
5 QS4: Construct and interpret The only correct answer is D
a range of standard graphical (1)
forms QS9: Interpret, apply A is not correct because this is the new
and analyse information in consumer surplus
written, graphical, tabular and B is not correct because this is the new
numerical forms producer surplus
C is not correct because this is the
change in producer surplus not
consumer surplus
4
*P82910A0428*
