AQA-7135-1-ECONOMICS FINAL MARK SCHEME_THE OPERATION OF MARKETS AND MARKET FAILURE-AS LEVEL-Jun2024
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Course
ECONOMICS
Institution
ECONOMICS
AQA-7135-1-ECONOMICS FINAL MARK SCHEME_THE OPERATION OF MARKETS AND MARKET FAILURE-AS LEVEL-Jun2024.
SECTION A
The following list indicates the correct answers used
in marking the students’ responses.
KEY LIST
1
C
(Incentivising firms to produce the
goods consumers want) 11
B
(i...
AS
ECONOMICS
7135/1
Paper 1 The Operation of Markets and Market Failure
S
Mark scheme
IC
June 2024
Version: 1.0 Final
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Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant
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MARK SCHEME – AS ECONOMICS – 7135/1 – JUNE 2024
questions, by a panel of subject teachers. This mark scheme includes any amendments made at the
standardisation events which all associates participate in and is the scheme which was used by them in
this examination. The standardisation process ensures that the mark scheme covers the students’
responses to questions and that every associate understands and applies it in the same correct way.
As preparation for standardisation each associate analyses a number of students’ scripts. Alternative
answers not already covered by the mark scheme are discussed and legislated for. If, after the
standardisation process, associates encounter unusual answers which have not been raised they are
required to refer these to the Lead Examiner.
It must be stressed that a mark scheme is a working document, in many cases further developed and
expanded on the basis of students’ reactions to a particular paper. Assumptions about future mark
schemes on the basis of one year’s document should be avoided; whilst the guiding principles of
assessment remain constant, details will change, depending on the content of a particular examination
paper.
No student should be disadvantaged on the basis of their gender identity and/or how they refer to the
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gender identity of others in their exam responses.
A consistent use of ‘they/them’ as a singular and pronouns beyond ‘she/her’ or ‘he/him’ will be credited in
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exam responses in line with existing mark scheme criteria.
Further copies of this mark scheme are available from aqa.org.uk
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2
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MARK SCHEME – AS ECONOMICS – 7135/1 – JUNE 2024
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
S
3 (An increase in the price of paper) 13 (Pedestrianisation)
D D
IC
(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)
M 15 (rise by 10%.)
A
O
A
(charge the same price as other
6 16 (external economies of scale.)
firms.)
N
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)
O
C
B
(a rise in the price of barley and a
( the demand for a good depends on the
EC
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
3
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