Economics may
Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Wednesday 15 May 2024
Morning (Time: 2 hours) Paper
referenc
e
9EC0/01
Economics
A
🞍 🞍
Advanced
PAPER 1: Markets and business behaviour
You must have a calculator. Total Marks
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your name, centre number
and candidate number.
• There are three sections in this question paper. Answer all questions
from Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
Information
• The total mark for this paper is 100.
• The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
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
Economics may
,P73999A
©2024 Pearson Education
Ltd. F:1/1/1/1/1/1/1/1/1
,Economics may
SECTION A
Answer ALL questions. Write your answers in the spaces provided.
AREA
DO NOT WRITE IN THIS
Some questions must be answered with a cross in a box .
If you change your mind about an answer, put a line through the box
and then mark your new answer with a
cross .
You are advised to spend 30 minutes on this
section. Use the data to support your answers
where relevant.
You may annotate and include diagrams in your answers.
1 The table below shows price elasticity of demand for bus tickets in London 2021
Age Price elasticity of
demand
18+ Student −0.7
Adult −0.4
(Source adapted from:
AREA
DO NOT WRITE IN THIS
https://assets.publishing.service.gov.uk/government/uploads/
system/uploads/attachment_data/file/669090/youth-travel-concessions-price-
elasticity.pdf and https://tfl.gov.uk/fares/find-fares/bus-and-tram-fares#on-this-
page-4)
(a) Explain one likely reason for the difference in the price elasticity of
demand for the 18+ student bus ticket and the adult bus ticket.
(4)
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
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AREA
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
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Economics may
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2
🞍🞍🞍🞍
Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Wednesday 15 May 2024
Morning (Time: 2 hours) Paper
referenc
e
9EC0/01
Economics
A
🞍 🞍
Advanced
PAPER 1: Markets and business behaviour
You must have a calculator. Total Marks
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your name, centre number
and candidate number.
• There are three sections in this question paper. Answer all questions
from Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
Information
• The total mark for this paper is 100.
• The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
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
Economics may
,P73999A
©2024 Pearson Education
Ltd. F:1/1/1/1/1/1/1/1/1
,Economics may
SECTION A
Answer ALL questions. Write your answers in the spaces provided.
AREA
DO NOT WRITE IN THIS
Some questions must be answered with a cross in a box .
If you change your mind about an answer, put a line through the box
and then mark your new answer with a
cross .
You are advised to spend 30 minutes on this
section. Use the data to support your answers
where relevant.
You may annotate and include diagrams in your answers.
1 The table below shows price elasticity of demand for bus tickets in London 2021
Age Price elasticity of
demand
18+ Student −0.7
Adult −0.4
(Source adapted from:
AREA
DO NOT WRITE IN THIS
https://assets.publishing.service.gov.uk/government/uploads/
system/uploads/attachment_data/file/669090/youth-travel-concessions-price-
elasticity.pdf and https://tfl.gov.uk/fares/find-fares/bus-and-tram-fares#on-this-
page-4)
(a) Explain one likely reason for the difference in the price elasticity of
demand for the 18+ student bus ticket and the adult bus ticket.
(4)
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
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AREA
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ..... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ............ ............ ..........
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Economics may
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2
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