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Economics B · Edexcel 9EB0 · Paper 1: Markets and how they work · June 2024

Edexcel A Level Economics B Paper 1: Markets and how they work June 2024 question paper 9EB0/01

2h 100 marks

Practise the past exam questions by topic

Edexcel 9EB0 · Paper 1

3 questions
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Question 1

(a)

Explain one reason why an increase in market share might be an important business objective for TUI.

(4)

(b)

Using a supply and demand diagram, illustrate the impact on the market for global travel after travel restrictions have been removed for consumers.

(4)

(c)

Using Extract B calculate, to two decimal places, the operating profit margin for TUI in Q3 2023. You are advised to show your working.

(4)

(d)

Many airlines are now investing in aircraft that are more fuel efficient and use low‑carbon jet fuel in a bid to reach net‑zero carbon emissions by 2050.

Using a supply and demand diagram, analyse the likely impact on the market for air travel of improvements in aircraft technology.

Figure for question 1

(6)

(e)

Discuss the likely impact of the wildfires in Rhodes on TUI ’s break-even level of output.

(8)

(f)

Assess the possible benefits of market mapping for TUI.

(10)

(g)

Using Extract D, assess the possible impact of changes in UK interest rates on holiday firms such as TUI.

(12)

(h)

Assess the likely impact from the growth of the travel and tourism sector on aggregate demand (AD) in the UK.

(12)

Question 3

Evaluate the extent to which the use of technology might increase productivity for a firm.

(20)

Answer
Mark scheme for question 3

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