AQA A Level Economics Paper 1: Markets and market failure June 2019 question paper 7136/1

2h 80 marks

Practise the past exam questions by topic

Price determination & market equilibrium13 Qs Demand9 Qs Supply7 Qs Government intervention in markets30 Qs +8 more

14 questions

Report a problem

$Question 1, shown as an image$

[2 marks]

Answer

$Question 2, shown as an image$

[4 marks]

Answer

Practise questions on Price determination and market equilibrium 13 Qs

$Question 3, shown as an image$

With the help of a diagram, explain how cheaper transportation and a construction boom in East Asia have led to growth in the market for sand.

[9 marks]

Answer

Practise questions on Demand 9 Qs

[25 marks]

Answer

Practise questions on Government intervention in markets 30 Qs

answer correct to the nearest penny.

[2 marks]

Answer

Practise questions on Government intervention in markets 30 Qs

$Question 6, shown as an image$

travel.

[4 marks]

Answer

Practise questions on Price determination and market equilibrium 13 Qs

$Question 7, shown as an image$

With the help of a diagram, explain why breaking up a natural monopoly in rail may affect long-run average costs.

[9 marks]

Answer

Practise questions on Economies and diseconomies of scale 5 Qs

$Question 8, shown as an image$

Use the extracts and your knowledge of economics to evaluate the case for renationalising railways in the UK.

[25 marks]

Answer

Practise questions on Competition policy and regulation of firms 12 Qs

$Question 9, shown as an image$

[15 marks]

Answer

Practise questions on Behavioural economics 5 Qs

$Question 10, shown as an image$

market failures

Essay 2

Several loss-making retailers including Homebase, House of Fraser and Poundworld have had to decide whether to shut down operations or carry on while making losses. In contrast, the music-streaming firm Spotify was valued at $27 billion in 2018, despite never having made a profit in any year since it was founded. Spotify has been more focused on expanding market share.

[25 marks]

Answer

Practise questions on Behavioural economics and economic policy 6 Qs

$Question 11, shown as an image$

[15 marks]

Answer

Practise questions on Normal and supernormal profit 15 Qs

$Question 12, shown as an image$

Essay 3

‘Each time the Government imposes a minimum price or wage, the result is almost always excess supply. What matters is the extent to which this is a problem.’

[25 marks]

Answer