New Spec AQA AS Level Economics Paper 1 - 16th of May

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Mean was 6.29, as the answer was 6.287 for calculation, and it wanted to nearest penny.
And yes 4 marker was fall in demand

whats question was this?? mean??? i don't remember calculating anything

Reply 41

pezisland37

Original post by koolgurl14

whats question was this?? mean??? i don't remember calculating anything

It was the mean question, context 2 :smile:

Reply 42

KishanPatel99

I messed up on the 10 marker for context two big time.
I shifted the demand curve instead and said the tax would reduce demand for cigarettes because I'm stupid but i valid points about the elasticity of the demand curve due to addictive properties and explained the diagram also adding relevant application and definitions.
So will I get awarded 0 marks for this error as it is annoying me :frown:

Reply 43

zainyyyyy

Original post by KishanPatel99

demand does shift downwards (left).and diagram is only worth 4 marks if the whole thing is right, assuming you got the labels right I'm sure you got 2-3/4

you definitely won't get 0/10 for a mistake, they dont judge on errors, they judge on whats there.

Reply 44

KishanPatel99

Original post by zainyyyyy

Thanks that takes some stress off lol and i shifted demand inwards which is good. I got confused because the question was asking about consumption and i ended up shifting the demand curve inwards but hope it don't effect my grade to much

Reply 45

zainyyyyy

Original post by KishanPatel99

consumption is demand, if the question was about consumption and you moved the demand curve you got it right, especially when it was talking about cigarettes, you definitely got it right

Reply 46

KishanPatel99

Original post by zainyyyyy

consumption is demand, if the question was about consumption and you moved the demand curve you got it right, especially when it was talking about cigarettes, you definitely got it right

Even when talking about an indirect tax in mirco econ?

Reply 47

zainyyyyy

i did that same extract, but an indirect tax is VAT, vat is supply and demand side, so it can shift both downwards

Reply 48

nose-mot

Hey did anyone do context 1? And if so for the 25 marker do you think you could have written about monopolies and perfect competition as that was in the extracts?

Reply 49

Noioiiiic

could you show the rise in indirect tax by just showing a movement along the demand curve and how demand falls as price rises?

Reply 50

Noioiiiic

And also, for the LRAC question where you had to select the graph which would gain monopoly power what was the answer?

Reply 51

AlfieClements

Multiple Choice
I found the multiple choice okay. There was a few odd questions and I think I put 250 instead of 240 on the PES questions by accident. I probably got around 14

Context 2
Definition
I forgot to to talk about how demerit goods are over consumed in a free market! 2/3

Maths Question
Easy 4 marks for anyone who has any sort of maths knowledge.

Data
As usual. High vs High and Low vs Low. Another easy 4 marks.

Graph
As long as I'm right, I think I should get 4. I just showed the effect of a decrease in demand I believe

10 Marker
Found this okay. Just talked about the effects of it, tried to stick to the questions and explained the graph fairly well. Should get 8 or 9/10 on this one.

25 Marker
Im really annoyed about this, I only done 2 points. 1 on the effect of using regulations and one on the alternative method of using an indirect tax. Although I did explain them in detail. Overall I done 4 pages with a judgement at the end. If I only 2 points and a judgement, how many marks would I get?

Overall I'm hoping for a B.

Reply 52

AlfieClements

Original post by Noioiiiic

And also, for the LRAC question where you had to select the graph which would gain monopoly power what was the answer?

I put C. The one which gradually kept getting lower.

Reply 53

AlfieClements

Original post by Noioiiiic

could you show the rise in indirect tax by just showing a movement along the demand curve and how demand falls as price rises?

The main idea of a tax is that the supply curve is the same as Private costs. If a tax is added there is an increase in costs since they now have to pay the government. That is why it is shown by a shift in the supply curve. Which increases price which then decreases the amount demanded.

Reply 54

Noioiiiic

Unofficial markscheme anyone?

Reply 55

zacsim

anyone found a leak online of the QP or MS?

Reply 56

aschum11

unofficial mark scheme please anyone.
Also, I did context 1 but messed up the percentage question as i just worked out 45% of the value for 2014.
Can someone please tell me how many marks I would get, if any, for getting that answer and the working out?
Thank you

Reply 57

archie341

Paper was pretty decent I thought, a couple of different and testing MCQs but overall not bad. The ones I didn't get were the one asking for which part of the graph represented the increased price to consumers of monopoly being present. And the very last one on equality and equity? Any help?