2O25 OCR AS Level Economics H060/01
Microeconomics
Verified Question paper with Marking
Scheme combined
INSTRUCTIONS
• Use black ink. You can use an HB pencil,
but only for graphs and diagrams.
• Write your answer to each question in
the space provided. If you need extra space use
the lined pages at the end of this booklet. The
question numbers must be clearly shown.
• Answer all the questions in Section A and
Section B and one question in Section C.
INFORMATION
• The total mark for this paper is 60.
OCR AS LEVEL • The marks for each question are shown
in brackets [ ].
ECONOMICS • Quality of extended response will be
assessed in questions marked with an asterisk
(*).
• This document has 20 pages.
, Oxford Cambridge and RSA
Tuesday 13 May 2025 – Morning
AS Level Economics
H060/01 Microeconomics
Time allowed: 1 hour 30 minutes
You can use:
• a scientific or graphical calculator*
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use the lined
pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions in Section A and Section B and one question in Section C.
INFORMATION
• The total mark for this paper is 60.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 20 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2025 [601/4801/9] OCR is an exempt Charity
DC (CJ/CB) 337418/3 Turn over
, 2
Section A
Write your answer for each question in the box provided.
1 Whose objective is it to raise tax revenue?
A Employees
B Firms
C Government
D Households
Your answer [1]
2 The table shows the production possibility curve for a country that produces capital and
consumer goods.
Capital goods Consumer goods
(million units) (million units)
0 50
10 35
20 23
30 8
40 0
What is the opportunity cost of moving from 20 million units of capital goods to producing 30
million units of capital goods?
A 10 million capital goods
B 20 million capital goods
C 8 million consumer goods
D 15 million consumer goods
Your answer [1]
3 What is most likely to occur, if the price of a smartphone fell from £950 to £800?
A Demand curve shifts right B
Extension in demand
C Extension in supply
D Supply curve shifts left
Your answer [1]
© OCR 2025
, 3
4 Which of these would cause a shift outwards of the production possibility curve?
A Decrease in productivity B
Increase in unemployment C
Technological improvements D
Underutilisation of machinery
Your answer [1]
5 A bottled water firm sells 600 bottles of water every week at a price of 80p. The
price elasticity of demand for bottled water is –1.5.
What is the change in weekly sales revenue if the firm increases the price to £1.20?
A £60
B £240
C £300
D £600
Your answer [1]
6 A change in price will usually result in a change in quantity demanded. The
size of this change will be determined by the:
A elasticity of demand
B opportunity cost of the change C
producer surplus available
D profit gained from the change
Your answer [1]
© OCR 2025 Turn over
Microeconomics
Verified Question paper with Marking
Scheme combined
INSTRUCTIONS
• Use black ink. You can use an HB pencil,
but only for graphs and diagrams.
• Write your answer to each question in
the space provided. If you need extra space use
the lined pages at the end of this booklet. The
question numbers must be clearly shown.
• Answer all the questions in Section A and
Section B and one question in Section C.
INFORMATION
• The total mark for this paper is 60.
OCR AS LEVEL • The marks for each question are shown
in brackets [ ].
ECONOMICS • Quality of extended response will be
assessed in questions marked with an asterisk
(*).
• This document has 20 pages.
, Oxford Cambridge and RSA
Tuesday 13 May 2025 – Morning
AS Level Economics
H060/01 Microeconomics
Time allowed: 1 hour 30 minutes
You can use:
• a scientific or graphical calculator*
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use the lined
pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions in Section A and Section B and one question in Section C.
INFORMATION
• The total mark for this paper is 60.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 20 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2025 [601/4801/9] OCR is an exempt Charity
DC (CJ/CB) 337418/3 Turn over
, 2
Section A
Write your answer for each question in the box provided.
1 Whose objective is it to raise tax revenue?
A Employees
B Firms
C Government
D Households
Your answer [1]
2 The table shows the production possibility curve for a country that produces capital and
consumer goods.
Capital goods Consumer goods
(million units) (million units)
0 50
10 35
20 23
30 8
40 0
What is the opportunity cost of moving from 20 million units of capital goods to producing 30
million units of capital goods?
A 10 million capital goods
B 20 million capital goods
C 8 million consumer goods
D 15 million consumer goods
Your answer [1]
3 What is most likely to occur, if the price of a smartphone fell from £950 to £800?
A Demand curve shifts right B
Extension in demand
C Extension in supply
D Supply curve shifts left
Your answer [1]
© OCR 2025
, 3
4 Which of these would cause a shift outwards of the production possibility curve?
A Decrease in productivity B
Increase in unemployment C
Technological improvements D
Underutilisation of machinery
Your answer [1]
5 A bottled water firm sells 600 bottles of water every week at a price of 80p. The
price elasticity of demand for bottled water is –1.5.
What is the change in weekly sales revenue if the firm increases the price to £1.20?
A £60
B £240
C £300
D £600
Your answer [1]
6 A change in price will usually result in a change in quantity demanded. The
size of this change will be determined by the:
A elasticity of demand
B opportunity cost of the change C
producer surplus available
D profit gained from the change
Your answer [1]
© OCR 2025 Turn over
