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Price determination: Edexcel A‑Level Economics A questions

Every Edexcel A-Level Economics A exam question on 1.2.6 Price determination, 2016–2025, with its mark scheme and examiner’s report.

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784 questions

  1. Q4(b)

    June 2025 · AS Paper 1

    3 marks1.2.6 Price determination
    The whole paper ↗
    June 2025 AS Paper 1, question 4(b): Explain how the operation of market forces will eliminate an excess supply of coffee. (3)

  2. Q6(a)

    June 2024 · Paper 1

    5 marks1.2.6 Price determination
    The whole paper ↗
    June 2024 Paper 1, question 6(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) R

  3. Q2(c)

    June 2024 · AS Paper 1

    2 marks1.2.6 Price determination
    The whole paper ↗
    June 2024 AS Paper 1, question 2(c): Annotate the diagram below to show the effect of the cyclone on the price of vanilla beans. (2) 2 Vanilla bean prices increased to a record $600 a kilogramme in

  4. Q4(a)

    June 2023 · Paper 1

    2 marks1.2.6 Price determination
    The whole paper ↗
    June 2023 Paper 1, question 4(a): With reference to the information provided, calculate the percentage change in the price of an annual season ticket. (2) 4 An annual season ticket for a train j

  5. Q1(c)

    June 2023 · AS Paper 1

    1 mark1.2.6 Price determination
    The whole paper ↗
    June 2023 AS Paper 1, question 1(c): Define the term ‘equilibrium price’. (1) 1 In 2021, energy regulator Ofgem announced that the maximum price of energy will rise from £ 1 277 to £ 1 971 a year,

  6. Q6(e)

    June 2023 · AS Paper 1

    15 marks1.2.6 Price determination
    The whole paper ↗
    June 2023 AS Paper 1, question 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) Read Fi

  7. Q1(b)

    June 2022 · Paper 1

    4 marks1.2.6 Price determination
    The whole paper ↗
    June 2022 Paper 1, question 1(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) 1 Disn

  8. Q6(b)

    June 2022 · Paper 1

    8 marks1.2.6 Price determination1.2.3 Price, income and cross elasticities of demand
    The whole paper ↗
    June 2022 Paper 1, question 6(b): With reference to Figure 2 and your understanding of price elasticity, examine two factors that may cause significant changes in the international price of coff

  9. Q6(a)

    June 2022 · AS Paper 1

    5 marks1.2.6 Price determination
    The whole paper ↗
    June 2022 AS Paper 1, question 6(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)

  10. Q2(a)

    November 2021 · Paper 1

    4 marks1.2.6 Price determination
    The whole paper ↗
    November 2021 Paper 1, question 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) 2 Cobalt

  11. Q2(b)

    November 2021 · Paper 1

    1 mark1.2.6 Price determination
    The whole paper ↗
    November 2021 Paper 1, question 2(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% 2 Cobalt is a key metal used in the batteries of electric cars.

  12. Q7

    October 2020 · Paper 1

    25 marks1.2.6 Price determination1.2.3 Price, income and cross elasticities of demand
    The whole paper ↗
    October 2020 Paper 1, question 7: The International Energy Agency has predicted that oil use by cars will peak in 2025 because of the increasing number of drivers switching to electric vehicles.

  13. Q2(a)

    June 2019 · Paper 1

    4 marks1.2.6 Price determination
    The whole paper ↗
    June 2019 Paper 1, question 2(a): Draw a supply and demand diagram to show the likely microeconomic effects of the hurricane on the US oil market. (4) 2 In August 2017 Hurricane Harvey caused th

  14. Q6(e)

    June 2019 · AS Paper 1

    15 marks1.2.6 Price determination
    The whole paper ↗
    June 2019 AS Paper 1, question 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) Re

  15. Q3(b)

    June 2018 · Paper 1

    1 mark1.2.6 Price determination
    The whole paper ↗
    June 2018 Paper 1, question 3(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 3 The average fee cha

  16. Q3(c)

    June 2018 · Paper 1

    2 marks1.2.6 Price determination
    The whole paper ↗
    June 2018 Paper 1, question 3(c): Explain one likely reason for the difference in average house prices between London and the North East of England. (2) 3 The average fee charged by high-street

  17. Q6(a)

    June 2018 · Paper 1

    5 marks1.2.6 Price determination
    The whole paper ↗
    June 2018 Paper 1, question 6(a): With reference to Figure 1, explain one likely reason for the overall trend in the real price of gas and electricity. (5) Read Figures 1 and 2 and the following

  18. Q1(e)

    June 2018 · Paper 3

    1.2.6 Price determination2.2.2 Consumption (C)
    The whole paper ↗
    June 2018 Paper 3, question 1(e): With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic effects of increased UK demand for coffee at bra

  19. Q6(a)

    June 2018 · AS Paper 1

    5 marks1.2.6 Price determination
    The whole paper ↗
    June 2018 AS Paper 1, question 6(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 an

  20. Q1(a)

    June 2017 · Paper 1

    4 marks1.2.6 Price determination
    The whole paper ↗
    June 2017 Paper 1, question 1(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 yo
All 24 questions on Price determination, as a list
  1. June 2025, AS Paper 1, Q4(b) (3 marks): Explain how the operation of market forces will eliminate an excess supply of coffee. (3)
  2. June 2024, Paper 1, Q6(a) (5 marks): 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) R
  3. June 2024, AS Paper 1, Q2(c) (2 marks): Annotate the diagram below to show the effect of the cyclone on the price of vanilla beans. (2) 2 Vanilla bean prices increased to a record $600 a kilogramme in
  4. June 2023, Paper 1, Q4(a) (2 marks): With reference to the information provided, calculate the percentage change in the price of an annual season ticket. (2) 4 An annual season ticket for a train j
  5. June 2023, AS Paper 1, Q1(c) (1 mark): Define the term ‘equilibrium price’. (1) 1 In 2021, energy regulator Ofgem announced that the maximum price of energy will rise from £ 1 277 to £ 1 971 a year,
  6. June 2023, AS Paper 1, Q6(e) (15 marks): Discuss likely reasons why the market price of streaming television content is increasing. Draw a supply and demand diagram to support your answer. (15) Read Fi
  7. June 2022, Paper 1, Q1(b) (4 marks): 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) 1 Disn
  8. June 2022, Paper 1, Q6(b) (8 marks): With reference to Figure 2 and your understanding of price elasticity, examine two factors that may cause significant changes in the international price of coff
  9. June 2022, AS Paper 1, Q6(a) (5 marks): Explain the likely impact of the new 2020 TACs on the price of cod. Include a supply and demand diagram in your answer. (5)
  10. November 2021, Paper 1, Q2(a) (4 marks): 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) 2 Cobalt
  11. November 2021, Paper 1, Q2(b) (1 mark): Between June 2018 and June 2019 the price of cobalt fell by: (1) A 25% B 37.5% C 62.5% D 166.7% 2 Cobalt is a key metal used in the batteries of electric cars.
  12. October 2020, Paper 1, Q7 (25 marks): The International Energy Agency has predicted that oil use by cars will peak in 2025 because of the increasing number of drivers switching to electric vehicles.
  13. June 2019, Paper 1, Q2(a) (4 marks): Draw a supply and demand diagram to show the likely microeconomic effects of the hurricane on the US oil market. (4) 2 In August 2017 Hurricane Harvey caused th
  14. June 2019, AS Paper 1, Q6(e) (15 marks): 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) Re
  15. June 2018, Paper 1, Q3(b) (1 mark): 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 3 The average fee cha
  16. June 2018, Paper 1, Q3(c) (2 marks): Explain one likely reason for the difference in average house prices between London and the North East of England. (2) 3 The average fee charged by high-street
  17. June 2018, Paper 1, Q6(a) (5 marks): With reference to Figure 1, explain one likely reason for the overall trend in the real price of gas and electricity. (5) Read Figures 1 and 2 and the following
  18. June 2018, Paper 3, Q1(e) (25 marks): With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic effects of increased UK demand for coffee at bra
  19. June 2018, AS Paper 1, Q6(a) (5 marks): 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 an
  20. June 2017, Paper 1, Q1(a) (4 marks): Calculate the new equilibrium price and quantity following the successful advertising campaign and the fall in production costs. Use the last two columns for yo
  21. June 2017, AS Paper 1, Q4(a) (3 marks): Explain how the price mechanism responds to excess supply in a free market. (3) 4 The excess supply of carbon steel has recently caused its global price to fall
  22. June 2017, AS Paper 1, Q6(a) (5 marks): 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 y
  23. June 2016, AS Paper 1, Q6(b) (10 marks): 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) Read the following Figures (
  24. June 2016, AS Paper 1, Q6(d) (4 marks): 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

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