Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a...

8
International House, 124 Cromwell Road, Kensington, SW7 4ET 0207 060 4494 www.expert-tuition.co.uk A-Level Edexcel Economics: Demand and Supply Mark Scheme

Transcript of Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a...

Page 1: Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a positive cross elasticity of demand (1) • understanding of substitute relationship

I n t e r n a t i o n a l H o u s e , 1 2 4 C r o m w e l l R o a d , K e n s i n g t o n , S W 7 4 E T 0 2 0 7 0 6 0 4 4 9 4 w w w . e x p e r t - t u i t i o n . c o . u k

A-LevelEdexcelEconomics:DemandandSupplyMarkScheme

Page 2: Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a positive cross elasticity of demand (1) • understanding of substitute relationship

2

Question1

Page 3: Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a positive cross elasticity of demand (1) • understanding of substitute relationship

3

Question2

Page 4: Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a positive cross elasticity of demand (1) • understanding of substitute relationship

4

Question3

Page 5: Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a positive cross elasticity of demand (1) • understanding of substitute relationship

5

Question4

(b)

Page 6: Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a positive cross elasticity of demand (1) • understanding of substitute relationship

6

Question5

Page 7: Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a positive cross elasticity of demand (1) • understanding of substitute relationship

7

Question6

Page 8: Demand and Supply - Expert Tuition · demand (1) • tobacco cigarettes and e-cigarettes have a positive cross elasticity of demand (1) • understanding of substitute relationship

8