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Title: IGCSE Economics Section wise Past papers
Description: These include a compilation of the IGCSE past papers selected section wise. Most of these questions are from Sections 1 & 2
Description: These include a compilation of the IGCSE past papers selected section wise. Most of these questions are from Sections 1 & 2
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1
...
However, demand for newspapers
rose in India and fell in the United Kingdom
...
[6]
(c) Discuss whether an advertising campaign would increase the
profit earned by a newspaper firm
...
Traffic congestion is a problem in many cities
...
(a) Describe how resources are allocated in a market economy
...
[4]
(c) Using a demand and supply diagram, analyse the effect of a tax
on petrol on the market for petrol
...
[8]
3
...
In 2013 the Dubai
Government offered residents a gram of gold for every kilogram of
weight lost over a period of 30 days
...
To reduce market
failure, governments give subsidies to both consumers and
producers
...
[2]
(b) Explain two external costs that could arise from people
overeating
...
[6]
(d) Discuss whether a government subsidy to producers will reduce
market failure
...
A heat wave in July 2013 in the United Kingdom resulted in sales
of ice cream more than doubling
...
In recent years, the demand and supply
conditions of ice cream have changed, leading to demand and
supply becoming more elastic
...
(a) Define ‘supply’
...
[4]
(c) Analyse why demand for a product may become more price
elastic
...
[8]
5
...
The Chinese Government tried to reduce the rise in house
prices by discouraging borrowing
...
In some
countries, governments give subsidies to house builders to
influence the market for houses
...
[2]
(b) Explain two reasons why borrowing may decrease
...
[6]
(d) Discuss whether the building of houses should be subsidised
...
In 2013, the market price of houses rose in China but fell in
Greece
...
In Greece, the equilibrium price
of houses fell, largely because of a decrease in income
...
(a) Define ‘equilibrium price’
...
[4]
(c) Using a demand and supply diagram, analyse why a fall in
incomes may reduce the market price of houses
...
[8]
7
...
(a) Using a demand and supply diagram, analyse the effect of a
subsidy on the equilibrium price and the equilibrium quantity in
such a market
...
[6]
(c) Discuss whether transport in a country should be provided by
the public sector or by the private sector
...
Many governments seek to discourage people from smoking
cigarettes, whilst encouraging them to eat more fruit, including
bananas and apples
...
(a) Define ‘price elasticity of supply’
...
[6]
(c) Analyse what effect a rise in the price of apples, which are a
substitute for bananas, will have on the market for bananas
...
[8]
9
...
(a) Describe what can influence the demand for flat screen
televisions
...
[6]
(c) Explain what is meant by price elasticity of demand
...
[6]
Title: IGCSE Economics Section wise Past papers
Description: These include a compilation of the IGCSE past papers selected section wise. Most of these questions are from Sections 1 & 2
Description: These include a compilation of the IGCSE past papers selected section wise. Most of these questions are from Sections 1 & 2