A-Level Economics (OCR): Free Mock Test & Practice Questions

A-Level Economics (OCR)

Micro and macroeconomics. OCR board.

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Free practice questions

Try 3 real A-Level Economics (OCR) questions

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Q1. Which of the following best defines a positive externality?

A. A benefit received by a third party not directly involved in a transaction
B. A cost incurred by the producer that reduces profit
C. A tax imposed by the government to correct market failure
D. A benefit received exclusively by the consumer who pays for the good

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✓ Answer: A. A benefit received by a third party not directly involved in a transaction

A positive externality is a spillover benefit that accrues to a third party outside the transaction, such as neighbours benefiting from a homeowner's garden. Option D describes private benefit, which is already reflected in the consumer's own decision, not an externality.

Q2. The price of a good falls from £10 to £9 and quantity demanded rises from 200 to 220 units per week. What is the price elasticity of demand (using the percentage method)?

A. -0.10, demand is price inelastic
B. -1.00, demand is unitary elastic
C. -1.11, demand is price elastic
D. -2.00, demand is price elastic

Show answer & explanation

✓ Answer: B. -1.00, demand is unitary elastic

%ΔQD = 20/200 = +10%; %ΔP = -1/10 = -10%. PED = %ΔQD / %ΔP = +10% / -10% = -1.00. Because the magnitude equals exactly 1, demand is unitary elastic at this point — the percentage change in quantity demanded exactly offsets the percentage change in price, so total revenue is unchanged.

Q3. Which of the following would cause a firm's short-run shutdown decision, i.e. it should cease production immediately?

A. Price falls below average variable cost
B. Price falls below average total cost but stays above average variable cost
C. Price equals marginal cost
D. Price exceeds average fixed cost

Show answer & explanation

✓ Answer: A. Price falls below average variable cost

A firm should shut down in the short run only if price falls below average variable cost, because then it cannot even cover its variable costs and would lose less by producing nothing. If price is between AVC and ATC, the firm should keep producing in the short run to cover some fixed costs and minimise losses.

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A-Level Economics (OCR) — common questions

Frequently asked

How many questions are in the A-Level Economics (OCR)?

The exam has 40 questions. Every Revision Robin mock uses the same 40-question format so your practice matches the real thing.

What is the pass mark for the A-Level Economics (OCR)?

You need 24 out of 40 correct to pass, which is about 60%. Our mocks mark you against this exact threshold.

How long do you get?

The test is timed at 60 minutes. Our full mock runs on the same clock so you can practise your pacing.

Are these the real exam questions?

No. Our questions are original and written to match the current syllabus, so they give realistic practice without copying the official paper. Every answer comes with a plain-English explanation. Always confirm current rules and content with OCR.