Economics 9708/23 May June 2021 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analysis of public transport usage trends in Great Britain (1997/98–2017/18) and the factors influencing price changes for different transport modes.
2. Luxembourg's free public transport policy: implications for resource allocation, opportunity costs, and classification as a free good.
3. Effectiveness of minimum pricing for fuel in addressing road congestion and resource misallocation.
4. Cross-elasticity of demand: impact of flight price changes on hotel demand in Barbados and flights to competing destinations like Antigua.
5. Aggregate supply curve shifts: short-run versus long-run causes and the economic benefits of increased aggregate demand.
6. Free trade area versus customs union: differences, benefits of tariff-free trade, and their varied impact on net importer versus net exporter countries.