AQA A-Level Economics Paper 1 June 2022 Evaluate the view that the supermarket sector is serving customers' interests well. (25 marks) * Plan * Paragraph 1 * Argument: threat of collusion * Diagram: two-firm, two-outcome model, monopoly power * Evaluation: unlikely in supermarket sector due to CMA * Paragraph 2: * Clear argument: possibility of non-price

AQA A-Level Economics Paper 1 June 2019 Explain the factors a profit-maximising firm will take into account when deciding whether to shut down or to carry on operating, both in the short run and in the long run. (15 marks) 1. The short-run shutdown condition is AR < AVC. 2.

AQA AS Economics Paper 2 June 2024 Insert Explain why some regions of the UK suffer from structural unemployment. (10 marks) 1. structural unemployment is when workers lose their job because an industry declines. 2. two reasons why some areas in the UK may suffer from structural unemployment are that

AQA AS-Level Economics Paper 1 June 2023 Insert Extract E (lines 8–9) states: ‘Drones can reach remote areas quickly and easily, saving on labour and other costs.’ Explain how the increasing use of drones is likely to affect the market for delivery workers. (June 2023) 1. a market is

AQA A-Level Economics Paper 1 June 2017 Explain how price and output are determined for a firm in a monopolistically competitive market, in both the short run and the long run. (15 marks) 1. Monopolistic competition is a market structure with low barriers to entry and slight product differentiation.  2.

AQA A-Level Economics Paper 1 June 2023 Explain why, in long-run equilibrium, monopolistically competitive markets are neither productively nor allocatively efficient. (15 marks) 1. Monopolistic competition is a market structure with low barriers to entry and slight product differentiation.  2. The diagram below shows a firm’s cost and revenue

AQA A-Level Economics Paper 2 June 2019 Explain why the value of a currency may fall in a floating exchange rate system. (15 marks) Exchange rates are the price of a currency in terms of another. A floating exchange rate is when the exchange rate is determined by market forces

AQA A-Level Economics Paper 2 June 2020 Explain how an appreciation of its currency is likely to affect a country’s rate of economic growth. Exchange rates are the value of one currency in terms of another. A currency appreciation means that the price of the currency has increased.  1.