Price Determination — Edexcel Past Paper Questions

With reference to Extract A, explain the likely reasons for the change in price of electronic devices. Include a supply and demand diagram in your answer.

1.2.6 Price Determination

Discuss likely reasons why the market price of streaming television content is increasing. Draw a supply and demand diagram to support your answer.

1.2.6 Price Determination

Explain the likely impact of the new 2020 TACs on the price of cod. Include a supply and demand diagram in your answer.

1.2.6 Price Determination · 1.4.1 Government Intervention in Markets

With reference to Figure 2 and your understanding of price elasticity, examine two factors that may cause significant changes in the international price of coffee beans.

1.2.5 Price Elasticity of Supply · 1.2.6 Price Determination

With reference to Figure 1 and Extract A, discuss the benefits of allowing universities to charge higher tuition fees for some degree courses.

1.2.6 Price Determination

The International Energy Agency has predicted that oil use by cars will peak in 2025 because of the increasing number of drivers switching to electric vehicles. Evaluate the likely microeconomic consequences of consumers shifting from vehicles powered by fuel obtained from oil to electric‑powered vehicles.

One of two options in Section C — candidates answered this or the other.

1.2.6 Price Determination · 1.3.2 Externalities

Discuss likely reasons why the prices of treatments in private sector hospitals are increasing. Draw a supply and demand diagram to support your answer.

1.2.6 Price Determination

With reference to Figure 1, explain one likely reason for the overall trend in the real price of gas and electricity.

1.2.6 Price Determination

With reference to Figure 1 and Extract A, explain why the price of uranium has ‘fallen to a 13-year low’ (Extract A, lines 2 and 3) in 2016. Include a supply and demand diagram in your answer.

1.2.6 Price Determination

Discuss the likely microeconomic effects of this decision on energy producers and consumers. Include a supply and demand diagram in your answer.

1.2.6 Price Determination

With reference to Extract A, assess the likely impact of the Help to Buy scheme on the market for rented properties in the UK.

1.4.1 Government Intervention in Markets · 1.2.6 Price Determination

With reference to Figure 2, calculate the percentage change in house prices between the first quarter of 2009 and the first quarter of 2015. You are advised to show your working.

1.2.6 Price Determination