Pearson Edexcel Level 3 GCE 9EC0/01 2022 Economics A Advanced PAPER 1: Markets and Business Behaviour

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SECTION A Answer ALL questions. Write your answers in the spaces provided. Some questions must be answered with a cross in a box . If you change your mind about an answer, put a line through the bo... x and then mark your new answer with a cross . You are advised to spend 30 minutes on this section. Use the data to support your answers where relevant. You may annotate and include diagrams in your answers. 1 Disney+ is a streaming service that distributes films and television series produced by the Walt Disney Studios. Disney+ subscribers (million) November 2019 10 December 2019 26.5 February 2020 28.6 April 2020 50 (Source adapted from: https://www.businessofapps.com/data/disney-plus-statistics/) (a) Ceteris paribus, the most likely consequence of the above data is that Disney+ will experience an increase in its: (1) A fixed costs B income elasticity of demand C price elasticity of demand D revenue [Show More]

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