Transcription of Mark Scheme (Results) Summer 2014
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Mark Scheme (Results) Summer 2014
Mark Scheme (Results) Summer 2014 Pearson Edexcel GCE in Economics (6EC01/01R) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world s leading learning company. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information, please visit our website at Our website subject pages hold useful resources, support material and live feeds from our subject advisors giving you access to a portal of information. If you have any subject specific questions about this specification that require the help of a subject specialist, you may find our Ask The Expert email service helpful.
• Definition of cross elasticity of demand or correct formula (the responsiveness in demand for good B due to a change in price of good A, or, %ΔQD good B 1 mark) • Goods which have a negative XED are complementary goods / joint demand. (1 mark) • Application: a decrease in the price of motor vehicles
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