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Practice question for section B, theme 1 only [fossil fuels]
25 marker model answer Edexcel Economics A style [government intervention]
15 marker model answer Edexcel Economics A style [tradable pollution permits]
8 marker model answer Edexcel Economics A style [externalities in coal]
Notes
1.1.1, 1.1.2 and 1.1.3 – Economic models, statements and problem
1.1.5 Specialisation and the division of labour
1.1.6 Free market, mixed and command economies
1.2.3 Price, income and cross-elasticities of demand
1.2.8 Consumer and producer surplus
1.2.9 Indirect taxes and subsidies
1.3.1 and 1.3.2 market failure and externalities
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