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A-Level Economics Past Papers & Drilling (Paper 1): Elasticity, Inflation, Trade
TUTORZONE ORIGINAL DRILLING MOCK · CAMBRIDGE A-LEVEL ECONOMICS (9708) PAPER 1
Written to the Cambridge 9708 syllabus (2026-2028): Paper 1 AS Multiple Choice, 30 marks, 1 hour, 17% of A Level (30 items, AS content); plus Paper 2/4 data response and essays and Paper 3 A Level multiple choice (30 marks). This is a Paper 1 drilling mock: 6 questions demonstrating the 30-mark core concepts, with answers and techniques.
What is in A-Level Economics (9708) Paper 1?
Direct answer: Paper 1 AS Multiple Choice, 30 marks, 1 hour, 17% of A Level (30 items, AS content).
Assessment at a glance (2027)
| Component | Content | Weighting | Duration |
|---|---|---|---|
| Paper 1 (AS Multiple Choice) | 30 four-choice items, 30 marks | 17% A-Level | 1 hour |
| Paper 4 (A Level Data Response and Essays) | Data response + essays, 60 marks | 33% A-Level | 2 hours |
A-Level Economics Paper 1 drilling technique: 30 questions in 1 hour is about 2 min each. Formulas: PED = % change in quantity demanded / % change in price; inflation = (new CPI – old CPI) / old CPI x 100%; growth similarly.
How this paper was built
This is a TutorZone original drilling mock: the questions follow the Cambridge 9708 structure (Paper 1 AS, 30 marks, 17%) and the answers are our own, not Cambridge past papers or marking references.
Every numeric answer was recomputed programmatically.
Pacing
| Section | Marks | Suggested time | What to do first |
|---|---|---|---|
| Paper 1 (AS Multiple Choice) | 17% A-Level | about 2 min per question | AS content + diagram analysis |
| Paper 4 (A Level Data Response and Essays) | 33% A-Level | 40 min data, 35 min per essay | analysis + evaluation |
How is the inflation rate found?
Direct answer: (new CPI – old CPI) / old CPI x 100%; 100 to 120 gives 20%.
Paper 1: concept drilling (6 demonstrated)
Elasticity and CPI formulas; keep shift and movement apart.
Question 1 (5 marks)
Price rises 10 to 12 and quantity demanded falls 40 to 30. What is the absolute value of PED?
Question 2 (5 marks)
Explain opportunity cost.
Question 3 (5 marks)
Explain the difference between a shift of the demand curve and a movement along it.
Question 4 (5 marks)
The CPI rises from 100 to 120. What is the inflation rate?
Question 5 (5 marks)
Real GDP rises from 50 billion to 52 billion. What is the growth rate?
Question 6 (5 marks)
Explain the difference between comparative and absolute advantage.
Shift vs movement of the demand curve?
Direct answer: a movement is caused by a price change; a shift by non-price factors (income, tastes, related prices).
Paper 1 answers
Question 1
|PED| = |-0.25 / 0.2| = 1.25 (5).
Question 2
Opportunity cost is the value of the next best alternative forgone (5).
Question 3
A movement is caused by a price change; a shift by non-price factors (income, tastes, related prices) (5).
Question 4
Inflation = (120 – 100) / 100 x 100% = 20% (5).
Question 5
Growth = (520 – 500) / 500 x 100% = 4% (5).
Question 6
Absolute advantage is producing the same output with fewer resources; comparative advantage is lower opportunity cost, the basis of trade (5).
Which topics does this paper drill?
Direct answer: PED, opportunity cost, demand and supply shifts, inflation, growth and comparative advantage.
Where these marks are usually lost
| Mistake | What it looks like | What it costs | Instead |
|---|---|---|---|
| PED without absolute value | -1.25 | Use the absolute value 1.25 | 1.25 |
| Shift as movement | Mixed up | Price change = movement; non-price = shift | movement vs shift |
| Inflation denominator | Divide by new CPI | Divide by old CPI | 20% |
How to use this paper
First drill: the full 1 hour at the 30-question pace (this mock demonstrates 6 core items).
Mark it: check the formulas and the shift/movement distinction.
Second drill: redo three to seven days later, aiming to finish inside 50 minutes.
What should I do after drilling this paper?
Direct answer: log answers missing an absolute value or with the wrong denominator; redo in three to seven days; and drill Paper 4 data response and essays.
FAQ
Is this a Cambridge past paper?
No. The questions and answers are TutorZone originals, not Cambridge past papers or marking references.
What is in A-Level Economics 9708 Paper 1?
AS multiple choice, 30 marks, 1 hour, 30 items, 17% of A Level, based on AS content.
How is the inflation rate found?
(new CPI – old CPI) / old CPI x 100%.
Official references
| Resource | What to check |
|---|---|
| Cambridge A-Level Economics 9708 syllabus (2026-2028) | Confirm the marks and times |
| https://www.tutorzone.com.hk/en-alevel-economics-9708-paper-2-mock-2027/ | A-Level Economics Paper 2 drilling mock |
Related: practice area · A-Level Economics Paper 2 drilling mock · A-Level Business 9609 drilling mock
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