EdexcelAS LevelPaper 1June 20244 marksTheme 1
With reference to Extract A, explain the likely numerical value for the income elasticity of demand for reusable cleaning products.
Price, Income and Cross Elasticities of Demand — Edexcel Past Paper Questions
14 questions on Price, Income and Cross Elasticities of Demand (Edexcel specification 1.2.3) from the A-Level Economics papers, 2017–2024. Every question links to the official mark scheme at the page its answer begins on.
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EdexcelA LevelPaper 3June 20245 marksTheme 1
With reference to Figure 1 and Extract A, explain what is meant by ‘price inelastic demand’ (line 8).
EdexcelAS LevelPaper 1June 20235 marksTheme 1
With reference to Figure 1 and Extract A, explain the relationship between price elasticity of demand and total revenue.
EdexcelA LevelPaper 1June 20238 marksTheme 1
With reference to the information provided, examine the likely numerical value of the cross elasticity of demand between UK online streaming services.
EdexcelAS LevelPaper 1June 20234 marksTheme 1
Using examples from the information provided, explain what is meant by both ‘substitutes’ and ‘complementary goods’.
EdexcelAS LevelPaper 1June 20224 marksTheme 1
With reference to the information provided, calculate the new quantity demanded of bags of chips from fish and chip shops, following a 2% increase in the price of fish. You are advised to show your working.
EdexcelA LevelPaper 3June 20228 marksTheme 1
With reference to Extract B, examine whether the demand for delivered food is price inelastic and income elastic.
EdexcelA LevelPaper 1November 202115 marksTheme 1Theme 3
With reference to the information provided, discuss the decision by Jet2 to increase its package holiday prices.
EdexcelA LevelPaper 3November 20218 marksTheme 1
Examine two reasons why the demand for HCWs increases during a period when consumer ‘incomes fail to keep up with inflation’ (Extract A line 8).
EdexcelAS LevelPaper 1October 20205 marksTheme 1
Explain why ‘the price elasticity of demand for higher education is about –0.5’ may be of relevance to English universities. Refer to Extract A in your answer.
EdexcelA LevelPaper 1June 20188 marksTheme 1
With reference to Extract A and your own knowledge, examine two possible reasons for the change in price elasticity of demand for electricity over time.
EdexcelAS LevelPaper 1June 20176 marksTheme 1
Explain how changes in the price of tobacco cigarettes may affect the demand for e-cigarettes over time.
EdexcelAS LevelPaper 1June 20174 marksTheme 1
With reference to Extract A, lines 11–13, calculate the price elasticity of demand for tobacco cigarettes in high-income countries and in low-middle-income countries. You are advised to show your working.
EdexcelAS LevelPaper 1June 201715 marksTheme 1
With reference to Figure 1, assess the likely reasons for the difference in price elasticity of demand for tobacco cigarettes and e-cigarettes.
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Related topics
- 1.2.1 Rational Decision Making 4 questions
- 1.2.2 Demand 5 questions
- 1.2.5 Price Elasticity of Supply 5 questions
- 1.2.6 Price Determination 12 questions
- 1.2.7 The Price Mechanism 2 questions
- 1.2.9 Indirect Taxes and Subsidies 7 questions
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