Paper 1: Markets and how they work · 9EB0/01

Edexcel B A-level Paper 1, June 2023

All 10 written questions from Edexcel B A-level Paper 1 (June 2023), Markets and how they work. Case studies: Competition watchdog to review UK music industry over power…, Children whose parents smoke are four times as likely to… and UK job vacancies in 2022. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Examiner report

Section A

Case study

Competition watchdog to review UK music industry over power of big firms

Extracts: A: Competition watchdog to review UK music industry over power of big firms · B: Selected financial information for Spotify for the year end 30 December 2020 · C: Spotify’s pricing structure · D: This Is Music 2021 Report · E: Global market share for music streaming platforms 2022

In the extracts: Spotify, Music, UK Music, CMA, Competition and Markets Authority, Ed Sheeran and Coldplay, Spotify and Apple Music, Andrea Coscelli, Tencent Music, Amazon Music

Q1(a)Explain4 marks

Explain one method the Competition and Markets Authority (CMA) could use to research the music streaming industry.

Mark splitKnowledge 1Application 2Analysis 1

TopicMarket power and market failure

Question paper p.6 Mark scheme p.4 Examiner report p.4 Open in the tool

Q1(b)Illustrate4 marks

Using a supply and demand diagram, illustrate the impact on the market for traditional music formats following the increase in music streaming.

Mark splitKnowledge 2Application 1Analysis 1

TopicIntroducing the market

Question paper p.7 Mark scheme p.5 Examiner report p.8 Open in the tool Draw it: supply and demand diagram

Q1(c)Calculate4 marks

Using the data from Extract B calculate, to two decimal places, the percentage of revenue spent on research and development (R&D) by Spotify in 2021. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicRevenue, costs, profits and cash

Question paper p.8 Mark scheme p.6 Examiner report p.10 Open in the tool

Q1(d)Analyse6 marks

Analyse two possible reasons why Spotify might have increased its spending on R&D.

Mark splitKnowledge 2Application 2Analysis 2

TopicRevenue, costs, profits and cash

Question paper p.9 Mark scheme p.7 Examiner report p.12 Open in the tool

Q1(e)Discuss8 marks

Discuss the benefits for Spotify of using price discrimination.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicRevenue, costs, profits and cash

Question paper p.10 Mark scheme p.8 Examiner report p.15 Open in the tool Practise the price discrimination diagram

Q1(f)Assess10 marks

Using a supply and demand diagram, assess the likely impact on the market for live music if the UK Government reduced VAT on tickets for live music events.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicIntroducing the market

Question paper p.12 Mark scheme p.10 Examiner report p.18 Open in the tool Draw it: indirect tax diagram

Q1(g)Assess12 marks

Assess the implications of a fall in unemployment for firms within the music industry.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicRevenue, costs, profits and cash

Question paper p.14 Mark scheme p.12 Examiner report p.22 Open in the tool

Q1(h)Assess12 marks

Assess the benefits for consumers of the music streaming industry being an oligopoly.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicCompetition and market power

Question paper p.16 Mark scheme p.14 Examiner report p.25 Open in the tool Practise the kinked demand diagram

Section B

Case study

Children whose parents smoke are four times as likely to take up smoking

Extracts: F: Children whose parents smoke are four times as likely to take up smoking

In the extracts: Office for National Statistics, Stop Smoking Services, UK Government Better, Deputy Chief Medical, Officer Dr Jeanelle, Health Smoke Free, Children, England, Gruchy, NHS

Q2Evaluate20 marks

Evaluate the effectiveness of the UK Government providing information to reduce the number of smokers in the UK.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicEnterprise, business and the economyMarket failure across the economy

Question paper p.20 Mark scheme p.16 Examiner report p.29 Open in the tool

Section C

Case study

UK job vacancies in 2022

Extracts: G: UK job vacancies in 2022 · H: Package to transform education and opportunities for most disadvantaged

In the extracts: Skills Bootcamps, Education, Education Investment Areas, Yorkshire and Sunderland, Department for Education, Accommodation, Isle of Wight, Occupational, Construction, Electricity

Q3Evaluate20 marks

Using an AD/AS diagram, evaluate the impact of improving the skills and quality of the labour force for the UK economy.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicRisk and the financial sector

Question paper p.26 Mark scheme p.18 Examiner report p.34 Open in the tool Draw it: AD/AS diagram

Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Section A

Competition watchdog to review UK music industry over power of big firms

Section B

Children whose parents smoke are four times as likely to take up smoking

Section C

UK job vacancies in 2022

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