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AQA AS ECONOMICS 7135/1 Paper 1 The Operation of Markets and Market Failure Mark scheme June 2024
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AQA AS ECONOMICS 7135/1 Paper 1 The Operation of Markets and Market Failure Mark scheme June 2024
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AQAAS
ECONOMICS
7135/1
Paper 1 The Operation of Markets and Market Failure
Mark scheme
June 2024
Version: 1.0 Final
,
, SECTION A
The following list indicates the correct answers used
in marking the students’ responses.
KEY LIST
C B
(Incentivising firms to produce the (it affects an individual’s ability to
1 11
goods consumers want) consume goods and services.)
C A
2 (is now too high.) 12 (The clothes)
D D
3 (An increase in the price of paper) 13 (Pedestrianisation)
D D
(there is immobility of factors of (an increase in the price paid by
4 14
production.) consumers for electric scooters.)
C C
5 (2.5) 15 (rise by 10%.)
A
A
(charge the same price as other
6 16 (external economies of scale.)
firms.)
A A
(maximise the difference between (Output per hour of labour was higher in
7 17
its total revenue and total cost.) 2017 than in 2021)
C
B
(a rise in the price of barley and a
( the demand for a good depends on the
8 movement along the supply curve 18
sales of what it produces.)
to the right.)
A D
9 (The extent to which barriers to 19 (price inelastic and total revenue will
entry exist) rise.)
B D
(The revenue received by farmers (The costs of many businesses will
10 20
will increase by 30p per pint) increase.)
Totals
A6
B3
C5
D6
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