Economics J205,01 November 2021, OCR GCSE Past Papers with Mark Schemes

This economics exam paper evaluates the understanding of market mechanisms, resource allocation, and business dynamics. Section A includes multiple-choice questions on demand and supply, price elasticity, economies of scale, and market structures. Section B focuses on case studies such as Coom Delivery Service, Northlisle Airport, and Oxbria Economic Development Forum, requiring analysis of economic sustainability, competition, and productivity. Extended responses assess the impact of specialization, financial strategies, and equilibrium changes. Total marks: 80, blending theoretical knowledge and applied economics.