: Pearson Edexcel past-paper questions pack

Supply, demand and price determination

Past-paper questions pack

Name
Class
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Questions are numbered; the mark schemes (the answer key) follow on separate pages so the question pages can be handed out alone. www.economicsaleveltutor.com

Pearson Edexcel AS and A-level Economics past-paper questions since 2016 · 44 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2025 · AS Paper 1 · Q4(a) · 1 marks ·

(a) During the period from October to December 2022, production of coffee beans in the Philippines increased by 2.7% from the same quarter in 2021. Which one of the following is most likely to cause a shift to the right of the supply curve? (1) A A decrease in the demand for coffee B A subsidy to coffee bean producers C A tax on coffee bean production D The cost of production rises

2. June 2025 · AS Paper 1 · Q4(b) · 3 marks · AO1=1,AO2=1,AO3=1

(b) Explain how the operation of market forces will eliminate an excess supply of coffee. (3)

3. June 2025 · AS Paper 1 · Q5(a) · 1 marks ·

(a) Which one of the following factors may cause a shift in demand for new cars? (1) A Advertising B Cost of production C Indirect taxes D Subsidy to producers March new car registrations 2007 to 2023 600 000 500 000 400 000 400 000 287 825 300 000 200 000 100 000 0 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 (Source: adapted from https://www.smmt.co.uk/vehicle-data/car-registrations/)

4. June 2025 · AS Paper 1 · Q5(b) · 3 marks · AO1=1,AO2=2

(b) The diagram on the previous page shows new car registrations in March from 2007 to 2023. Using 2010 as the base year, calculate the index number for 2023. (3)

5. June 2024 · AS Paper 1 · Q2(a) · 1 marks · AO1=1

6. June 2024 · AS Paper 1 · Q2(c) · 2 marks · AO1=1,AO2=1

(c) Annotate the diagram below to show the effect of the cyclone on the price of vanilla beans. (2) Supply Price of vanilla beans e Pe Demand 0 Qe Quantity of vanilla beans

7. June 2024 · Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=1,AO3=3

(a) 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. (5)

8. June 2024 · AS Paper 1 · Q6(d) · 6 marks · AO1=2,AO2=2,AO3=2

(d) With reference to Extract C, explain how incentives to use reusable coffee cups may lead to a fall in demand for single‑use cups. (6)

9. June 2023 · AS Paper 1 · Q1(c) · 1 marks · AO1=1

(c) Define the term ‘equilibrium price’. (1)

10. June 2023 · Paper 1 · Q4(a) · 2 marks · AO2=2

(a) With reference to the information provided, calculate the percentage change in the price of an annual season ticket. (2)

11. June 2023 · AS Paper 1 · Q6(e) · 15 marks · AO1=3,AO2=3,AO3=3,AO4=6

(e) Discuss likely reasons why the market price of streaming television content is increasing. Draw a supply and demand diagram to support your answer. (15)

12. June 2022 · Paper 1 · Q1(a) · 1 marks · AO3=1

(a) Ceteris paribus, the most likely consequence of the above data is that Disney+ will experience an increase in its: (1) A fixed costs B income elasticity of demand C price elasticity of demand D revenue

13. June 2022 · Paper 1 · Q1(b) · 4 marks · AO1=2,AO2=2

(b) Draw a supply and demand diagram to show the likely effect of the change in the number of subscribers on the market equilibrium for Disney+ services. (4)

14. June 2022 · AS Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=2,AO3=2

(a) Explain the likely impact of the new 2020 TACs on the price of cod. Include a supply and demand diagram in your answer. (5)

15. November 2021 · Paper 1 · Q2(a) · 4 marks · AO1=2,AO2=2

(a) With reference to the information provided, draw a supply and demand diagram to show why the price of cobalt fell between June 2018 and June 2019. (4)

16. November 2021 · Paper 1 · Q2(b) · 1 marks · AO1=1

(b) Between June 2018 and June 2019 the price of cobalt fell by: (1) A 25% B 37.5% C 62.5% D 166.7%

17. November 2021 · Paper 3 · Q1(b) · 8 marks · AO1=2,AO2=2,AO3=2,AO4=2

(b) 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). (8)

18. October 2020 · AS Paper 1 · Q5(c) · 1 marks ·

(c) The diagram below shows the demand for and supply of passenger rail services. Rail fares (£) S P2 P1 D2 D1 O Quantity of rail passengers Q1 Q2 The shift of the demand curve from D1 to D2 is most likely to result from a: (1) A government decision to impose a tax on workplace parking B government decision to increase subsidies for rail travel C planned expansion of the government’s railway track building programme D reduction in the tax imposed on a litre of petrol

19. October 2020 · Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=1,AO3=3

(a) Refer to Figure 1. Explain the likely effect of the change in subsidy levels between 2017 and 2018 on rail fares. Include a supply and demand diagram in your answer. (5)

20. October 2020 · Paper 1 · Q6(b) · 8 marks · AO1=2,AO2=2,AO3=2,AO4=2

(b) With reference to Figure 2, examine two possible factors which may have influenced demand for rail travel since 2008. (8)

21. June 2019 · Paper 1 · Q2(a) · 4 marks · AO1=2,AO2=2

(a) Draw a supply and demand diagram to show the likely microeconomic effects of the hurricane on the US oil market. (4)

22. June 2019 · AS Paper 1 · Q2(b) · 1 marks · AO1=1

(b) A ban on diesel vehicles in city centres will reduce the demand for diesel fuel. This is because: (1) A consumers are irrational B consumers expect the price of diesel to rise C the goods are complements D the goods are substitutes

23. June 2019 · AS Paper 1 · Q2(c) · 1 marks · AO1=1

24. June 2019 · AS Paper 1 · Q6(e) · 15 marks · AO1=3,AO2=3,AO3=3,AO4=6

(e) Discuss likely reasons why the prices of treatments in private sector hospitals are increasing. Draw a supply and demand diagram to support your answer. (15)

25. June 2019 · AS Paper 1 · Q6(f) · 20 marks · AO1=4,AO2=4,AO3=6,AO4=6

(f) Evaluate possible ways the government could intervene to reduce the excess demand for state-funded health care. (20)

26. June 2018 · Paper 1 · Q3(b) · 1 marks ·

In August 2016 the Office for National Statistics reported that the average house price in London was £489 000, whereas in the North East of England it was £127 000. (b) The ratio of the average house price in London to the average house price in the North East of England is: (1) A 0.26 B 3.62 C 3.85 D 7.40

27. June 2018 · Paper 1 · Q3(c) · 2 marks · AO1=1,AO3=1

(c) Explain one likely reason for the difference in average house prices between London and the North East of England. (2)

28. June 2018 · Paper 1 · Q5(a) · 1 marks ·

(a) The percentage decrease in sales of PCs between 2011 and 2015 is: (1) A 21.5 B 27.3 C 31.5 D 75.7

29. June 2018 · Paper 1 · Q5(b) · 2 marks · AO1=1,AO3=1

(b) Explain one likely reason for the decrease in sales of PCs. (2)

30. June 2018 · AS Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=2,AO3=2

(a) 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. (5)

31. June 2018 · Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=1,AO3=3

(a) With reference to Figure 1, explain one likely reason for the overall trend in the real price of gas and electricity. (5)

32. June 2018 · Paper 3 · Q1(e) · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

(e) With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic effects of increased UK demand for coffee at branded coffee shops. (25)

33. June 2017 · Paper 1 · Q1(a) · 4 marks · AO1=2,AO2=2

(a) Calculate the new equilibrium price and quantity following the successful advertising campaign and the fall in production costs. Use the last two columns for your working. (4)

34. June 2017 · AS Paper 1 · Q2(a) · 1 marks · AO1=1

35. June 2017 · AS Paper 1 · Q2(b) · 2 marks · AO2=2

(b) Calculate the index numbers for 2011 and 2012, using 2010 as the base year. (2)

36. June 2017 · AS Paper 1 · Q2(c) · 1 marks · AO2=1

(c) The percentage change in wheat production from 2014 to 2015 was: (1) A 0.03 B –2.87 C –2.95 D –477

37. June 2017 · AS Paper 1 · Q3(c) · 2 marks · AO2=2

(c) Annotate the diagram below to show the effect of removing the solar panel installation subsidy on the equilibrium price and quantity. (2) Solar panel installation market diagram Price of solar panels supply Pe demand Quantity of 0 solar panels Qe

38. June 2017 · AS Paper 1 · Q4(a) · 3 marks · AO1=1,AO2=1,AO3=1

(a) Explain how the price mechanism responds to excess supply in a free market. (3)

39. June 2017 · AS Paper 1 · Q5(a) · 3 marks · AO1=1,AO2=1,AO3=1

(a) Explain why reducing the tuition fee cap may result in excess demand for university places. (3)

40. June 2017 · AS Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=2,AO3=2

(a) Explain why ‘bans on tobacco advertising’ (Extract A, line 7) may result in a decrease in the revenue of tobacco firms. Include a supply and demand diagram in your answer. (5)

41. June 2016 · AS Paper 1 · Q4(a) · 3 marks · AO1=1,AO2=2

(a) With reference to the statement above explain what is meant by ‘diminishing marginal utility’. (3)

42. June 2016 · AS Paper 1 · Q4(b) · 1 marks ·

(b) If the price of an “all you can eat buffet” fell from £8.99 to £6.99, which one of the following is likely to happen? (1) A There is an extension in demand B The demand curve shifts to the left C The supply curve shifts to the left D There is a contraction in demand

43. June 2016 · AS Paper 1 · Q6(b) · 10 marks · AO1=2,AO2=2,AO3=2,AO4=4

(b) With reference to Extract A, assess the likely impact of the Help to Buy scheme on the market for rented properties in the UK. (10)

44. June 2016 · AS Paper 1 · Q6(d) · 4 marks · AO1=2,AO2=2

(d) 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. (4)

Mark schemes

1. June 2025 · AS Paper 1 · Q4(a)

2. June 2025 · AS Paper 1 · Q4(b)

3. June 2025 · AS Paper 1 · Q5(a)

4. June 2025 · AS Paper 1 · Q5(b)

5. June 2024 · AS Paper 1 · Q2(a)

6. June 2024 · AS Paper 1 · Q2(c)

7. June 2024 · Paper 1 · Q6(a)

8. June 2024 · AS Paper 1 · Q6(d)

9. June 2023 · AS Paper 1 · Q1(c)

10. June 2023 · Paper 1 · Q4(a)

11. June 2023 · AS Paper 1 · Q6(e)

12. June 2022 · Paper 1 · Q1(a)

13. June 2022 · Paper 1 · Q1(b)

14. June 2022 · AS Paper 1 · Q6(a)

15. November 2021 · Paper 1 · Q2(a)

16. November 2021 · Paper 1 · Q2(b)

17. November 2021 · Paper 3 · Q1(b)

18. October 2020 · AS Paper 1 · Q5(c)

19. October 2020 · Paper 1 · Q6(a)

20. October 2020 · Paper 1 · Q6(b)

21. June 2019 · Paper 1 · Q2(a)

22. June 2019 · AS Paper 1 · Q2(b)

23. June 2019 · AS Paper 1 · Q2(c)

24. June 2019 · AS Paper 1 · Q6(e)

25. June 2019 · AS Paper 1 · Q6(f)

26. June 2018 · Paper 1 · Q3(b)

27. June 2018 · Paper 1 · Q3(c)

28. June 2018 · Paper 1 · Q5(a)

29. June 2018 · Paper 1 · Q5(b)

30. June 2018 · AS Paper 1 · Q6(a)

31. June 2018 · Paper 1 · Q6(a)

32. June 2018 · Paper 3 · Q1(e)

33. June 2017 · Paper 1 · Q1(a)

34. June 2017 · AS Paper 1 · Q2(a)

35. June 2017 · AS Paper 1 · Q2(b)

36. June 2017 · AS Paper 1 · Q2(c)

37. June 2017 · AS Paper 1 · Q3(c)

38. June 2017 · AS Paper 1 · Q4(a)

39. June 2017 · AS Paper 1 · Q5(a)

40. June 2017 · AS Paper 1 · Q6(a)

41. June 2016 · AS Paper 1 · Q4(a)

42. June 2016 · AS Paper 1 · Q4(b)

43. June 2016 · AS Paper 1 · Q6(b)

44. June 2016 · AS Paper 1 · Q6(d)