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Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE In Economics B (9EB0) Paper 1: Markets and how they work

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1(a) Knowledge/Understanding 1, Application 2 Analysis 1 Knowledge/Understanding: up to 1 mark for explaining a reason e.g. • It can gain economies of scale (1) Application: up to 2 marks are available for contextualised answers, e.g. • TUI can spread its fixed costs over more passengers (1) • TUI has lost market share to Jet2holidays and wants to be market leader (1) Analysis: Up to 1 mark available for developing the reason. • Reducing average costs could allow TUI to lower prices thereby gaining a competitive advantage over its rivals (1) (4)

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Mark Scheme (Results)


Summer 2024


Pearson Edexcel GCE
In Economics B (9EB0)
Paper 1: Markets and how they work

,Edexcel and BTEC Qualifications

Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We
provide a wide range of qualifications including academic, vocational, occupational and
specific programmes for employers. For further information visit our qualifications websites
at www.edexcel.com or www.btec.co.uk. Alternatively, you can get in touch with us using the
details on our contact us page at www.edexcel.com/contactus.




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November 2021
Question Paper Log Number 80957
Publications Code 9EB0_01_2406_MS
All the material in this publication is copyright
© Pearson Education Ltd 2021

, General Marking Guidance



• All candidates must receive the same treatment.
Examiners must mark the first candidate in exactly the
same way as they mark the last.
• Mark schemes should be applied positively. Candidates
must be rewarded for what they have shown they can
do rather than penalised for omissions.
• Examiners should mark according to the mark scheme
not according to their perception of where the grade
boundaries may lie.
• There is no ceiling on achievement. All marks on the
mark scheme should be used appropriately.
• All the marks on the mark scheme are designed to be
awarded. Examiners 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 candidate’s response is not worthy of credit
according to the mark scheme.
• Where some judgement is required, mark schemes will
provide the principles by which marks will be awarded
and exemplification may be limited.
• 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.

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