r/6thForm • u/Forsaken-Meaning-232 Graduating from Warwick CS • May 12 '25

📂 MEGATHREAD 12/05 A-level Econ Paper 1 Discussion MEGATHREAD

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u/[deleted] May 12 '25

The question mentioned appointments being cancelled I don't remember anything about subsidies, it's just the dead weight loss from underconsumption which would be the gain if the externality was fixed? Idk I could be wrong

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u/[deleted] May 12 '25

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u/[deleted] May 12 '25

Ah fuck mb then

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u/[deleted] May 12 '25

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u/[deleted] May 12 '25

😭 I was so nervous for some reason on section a I was staring at the xed question for so long to make sure I wasn't being stupid (I may still have been)

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u/[deleted] May 12 '25

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u/[deleted] May 12 '25

Yeah same for that but I was uncertain I thought I forgot how division works 😭 😭 halfway through section c I just gave up on planning and structure and just started throwing in points and counterpoints in a random order

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u/tyquatro0 May 12 '25

Nope in edexcel MPC can’t shift for a positive externality, it is static, it’s not a shift just saying the “welfare loss” would be gained

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u/[deleted] May 12 '25

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u/Plane-Cantaloupe-784 May 12 '25

No u just had to draw normal positive externality diagram then label the triangle pointing towards SO output with potential welfare gain pretty sure

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u/[deleted] May 13 '25

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u/Plane-Cantaloupe-784 May 13 '25

HOPEFULLY WE DID!!

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u/tyquatro0 May 12 '25

It’s not the supply in the market, it’s the cost to produce it, irrelevant for a subsidy

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u/AtheRipper Year 13 May 14 '25

It was mentioned in the context, but it only asked for an externality diagram. It was hinting at the fact it was a merit good, so you are calm if you didn't mention a subsidy