AQA GCSE ECONOMICS Paper 1 How Markets Work FINAL QUESTION PAPER MAY 2023
54 views 1 purchase
Course
AQA GCSE ECONOMICS Paper 1
Institution
AQA
AQA
GCSE
ECONOMICS
Paper 1 How Markets Work
Wednesday 17 May 2023 Afternoon Time allowed: 1 hour 45 minutes
Materials
You will need no other materials. You may use a calculator.
Instructions
• Use black ink or black ball-point pen.
• Fill in the boxes at the top of this p...
Wednesday 17 May 2023 Afternoon Time allowed: 1 hour 45 minutes
For Examiner’s Use
Materials
You will need no other Sectio Mark
materials. You may use a n
calculator. A
B
Instructions
TOTAL
Use black ink or black ball-point pen.
Fill in the boxes at the top of this page.
Answer all questions.
You must answer the questions in the spaces provided. Do not
write on blank pages.
If you need extra space for your answer(s), use the lined pages at the end of this
book. Write the question number against your answer(s).
Do all rough work in this book. Cross through any work you do not want to be marked.
Information
The marks for questions are shown in brackets.
The maximum mark for this paper is 80.
Questions should be answered in continuous prose. You will be assessed on your ability to:
– use good English
– organise information clearly
– use specialist vocabulary where appropriate.
*JUN23136101*
IB/H/Jun23/E7 8136/1
, 2
Do not write
outside the
Section A box
Answer all questions in the spaces
provided.
For questions with four responses, only one answer per question is allowed.
For each question, completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now
wish to select as shown.
0 1 Which of the following best describes the equilibrium price in a market?
[1 mark]
A Where all consumers are satisfied
B Where profit is maximised
C Where quantity supplied equals quantity demanded
D Where quantity supplied exceeds quantity demanded
0 2 Which of the following could lead to a reduction in the quantity supplied of a product?
[1 mark]
A A decrease in demand for the product
B A decrease in the cost of making the product
C An increase in the popularity of the product
D An increase in the price of the product
*02
IB/H/
* Jun23/8136/1
, 3
Do not write
outside the
0 3 A firm can reduce its average costs in the long run by making effective box
use of a large machine. This is an example of
[1 mark]
A financial economies of scale.
B purchasing economies of scale.
C risk-bearing economies of scale.
D technical economies of scale.
0 4 W ich of the following would be included in the tertiary sector of an
h economy? [1 mark]
A
A farm
B
A leisure
C
centre
D
Construction
Fishing
Turn over for the next question
Turn over ►
*03
IB/H/
* Jun23/8136/1
, 4
Do not write
outside the
box
*03
IB/H/
* Jun23/8136/1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller bestgradesA33. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.79. You're not tied to anything after your purchase.
