Economics J205,01 June 2022, OCR GCSE Past Papers with Mark Schemes

This economics exam paper assesses understanding of fundamental concepts like market dynamics, price elasticity, and economic sectors. Section A features multiple-choice questions on topics such as supply and demand, economies of scale, and the role of consumers. Section B includes case studies on businesses like Periff Construction Ltd and Tom′s baked potato venture, prompting analyses of consumer income, market forces, and financial sector impacts. Extended responses evaluate productivity, competition, and revenue in practical contexts. Total marks: 80, focusing on theoretical and applied economic knowledge.