Edexcel A Level Economics B Paper 1: Markets and how they work June 2023 question paper 9EB0/01

Explain one method the Competition and Markets Authority (CMA) could use to research the music streaming industry.

Using a supply and demand diagram, illustrate the impact on the market for traditional music formats following the increase in music streaming.

Using the data from Extract B calculate, to two decimal places, the percentage of revenue spent on research and development (R&D) by Spotify in 2021. You are advised to show your working.

Analyse two possible reasons why Spotify might have increased its spending on R&D.

Discuss the benefits for Spotify of using price discrimination.

Using a supply and demand diagram, assess the likely impact on the market for live music if the UK Government reduced VAT on tickets for live music events.

Assess the implications of a fall in unemployment for firms within the music industry.

Assess the benefits for consumers of the music streaming industry being an oligopoly.

Evaluate the effectiveness of the UK Government providing information to reduce the number of smokers in the UK.

Using an AD/AS diagram, evaluate the impact of improving the skills and quality of the labour force for the UK economy.