Please check the examination details below before entering your candidate information
Candidate surnameOther names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 12 May 2025
Morning (Time: 2 hours) Paper
reference 9EB0/01
Economics B 🟐 🟐
Advanced
PAPER 1: Markets and how they work
You must have: Total Marks
Source Booklet (enclosed)
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with
centre number and candidate number.
• provided – there may be more space
• Answer
your all
name,
Answer the questions in the spaces
questions.
than you need.
Information
• The total mark for this paper is 100.
• The marks for each question are shown in
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
brackets
Advice
• Read each question carefully before you start to answer it.
• Try to answer every
• Check your answers if you have time at the end.
question.
Turn over
P84930A
©2025 Pearson Education Ltd.
Y:1/1/1/
, Answer ALL questions.
SECTION A
AREA
DO NOT WRITE IN THIS
Read Extracts A–F in the Source Booklet before answering Question 1.
Write your answers in the spaces provided.
1 (a) Explain one benefit to train operating companies (TOCs) of leasing the trains.
(4)
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
AREA
DO NOT WRITE IN THIS
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
AREA
DO NOT WRITE IN THIS
2
■■■
■
, (b) Using a supply and demand diagram, illustrate the impact on
the market for rail travel from a decrease in bus fares.
(4)
DO NOT WRITE IN THIS
AREA
DO NOT WRITE IN THIS
AREA
DO NOT WRITE IN THIS
AREA
3
■■■ Turn
■ over
, (c) Using Extract B, calculate to two decimal places, the percentage of
total income for the rail industry that came from government
subsidies between April 2023 and March 2024. You are advised to
AREA
DO NOT WRITE IN THIS
show your working.
(4)
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
AREA
DO NOT WRITE IN THIS
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
AREA
DO NOT WRITE IN THIS
4
■■■
■
Candidate surnameOther names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 12 May 2025
Morning (Time: 2 hours) Paper
reference 9EB0/01
Economics B 🟐 🟐
Advanced
PAPER 1: Markets and how they work
You must have: Total Marks
Source Booklet (enclosed)
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with
centre number and candidate number.
• provided – there may be more space
• Answer
your all
name,
Answer the questions in the spaces
questions.
than you need.
Information
• The total mark for this paper is 100.
• The marks for each question are shown in
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
brackets
Advice
• Read each question carefully before you start to answer it.
• Try to answer every
• Check your answers if you have time at the end.
question.
Turn over
P84930A
©2025 Pearson Education Ltd.
Y:1/1/1/
, Answer ALL questions.
SECTION A
AREA
DO NOT WRITE IN THIS
Read Extracts A–F in the Source Booklet before answering Question 1.
Write your answers in the spaces provided.
1 (a) Explain one benefit to train operating companies (TOCs) of leasing the trains.
(4)
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
AREA
DO NOT WRITE IN THIS
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
AREA
DO NOT WRITE IN THIS
2
■■■
■
, (b) Using a supply and demand diagram, illustrate the impact on
the market for rail travel from a decrease in bus fares.
(4)
DO NOT WRITE IN THIS
AREA
DO NOT WRITE IN THIS
AREA
DO NOT WRITE IN THIS
AREA
3
■■■ Turn
■ over
, (c) Using Extract B, calculate to two decimal places, the percentage of
total income for the rail industry that came from government
subsidies between April 2023 and March 2024. You are advised to
AREA
DO NOT WRITE IN THIS
show your working.
(4)
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
AREA
DO NOT WRITE IN THIS
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
AREA
DO NOT WRITE IN THIS
4
■■■
■
