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Price mechanism: Edexcel A‑Level Economics A questions

Every Edexcel A-Level Economics A exam question on 1.2.7 Price mechanism, 2016–2025, with its mark scheme and examiner’s report.

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784 questions

  1. Q1(b)

    October 2020 · AS Paper 1

    1 mark1.2.7 Price mechanism
    The whole paper ↗
    October 2020 AS Paper 1, question 1(b): Which one of the following is the best example of the rationing function of the price mechanism? (1) A An increase in demand, leading to a rise in price, will e

  2. Q6(e)

    October 2020 · AS Paper 1

    15 marks1.2.7 Price mechanism
    The whole paper ↗
    October 2020 AS Paper 1, question 6(e): With reference to Figure 1 and Extract A, discuss the benefits of allowing universities to charge higher tuition fees for some degree courses. (15) Read Figures

  3. Q5(a)

    June 2019 · Paper 1

    2 marks1.1.6 Free market economies, mixed economy and command economy1.2.7 Price mechanism
    The whole paper ↗
    June 2019 Paper 1, question 5(a): Explain how resources are allocated in a free market economy. (2) 5 Free market economics is being challenged. The arguments for and against are being increasin

  4. Q3(a)

    June 2018 · AS Paper 1

    1 mark1.2.7 Price mechanism
    The whole paper ↗
    June 2018 AS Paper 1, question 3(a): Using the data above, which one of the following is a function of the price mechanism in the market for private dental care? (1) A Acting as a signal to dentis

  5. Q6(f)

    June 2017 · AS Paper 1

    20 marks1.2.7 Price mechanism1.1.6 Free market economies, mixed economy and command economy
    The whole paper ↗
    June 2017 AS Paper 1, question 6(f): Evaluate the possible advantages of a free market approach to cigarette consumption. (20) Read Figure 1 and the following extracts (A and B) before answering Qu

  6. Q6(e)

    June 2016 · AS Paper 1

    15 marks1.2.7 Price mechanism
    The whole paper ↗
    June 2016 AS Paper 1, question 6(e): With reference to Figures 1 and 2 and your own knowledge, discuss the functions of the price mechanism in allocating housing. (15) Read the following Figures (1
All 6 questions on Price mechanism, as a list
  1. October 2020, AS Paper 1, Q1(b) (1 mark): Which one of the following is the best example of the rationing function of the price mechanism? (1) A An increase in demand, leading to a rise in price, will e
  2. October 2020, AS Paper 1, Q6(e) (15 marks): With reference to Figure 1 and Extract A, discuss the benefits of allowing universities to charge higher tuition fees for some degree courses. (15) Read Figures
  3. June 2019, Paper 1, Q5(a) (2 marks): Explain how resources are allocated in a free market economy. (2) 5 Free market economics is being challenged. The arguments for and against are being increasin
  4. June 2018, AS Paper 1, Q3(a) (1 mark): Using the data above, which one of the following is a function of the price mechanism in the market for private dental care? (1) A Acting as a signal to dentis
  5. June 2017, AS Paper 1, Q6(f) (20 marks): Evaluate the possible advantages of a free market approach to cigarette consumption. (20) Read Figure 1 and the following extracts (A and B) before answering Qu
  6. June 2016, AS Paper 1, Q6(e) (15 marks): With reference to Figures 1 and 2 and your own knowledge, discuss the functions of the price mechanism in allocating housing. (15) Read the following Figures (1

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