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Unit 1 - Scarcity, Markets, Supply, and Demand In this introductory unit students will learn about the production possibilities frontier, the law of increasing, opportunity costs, specialization, comparative advantage, exchange, circular flow, as well as the demand curve, supply curve, market equilibrium for supply and demand, producer and consumer surplus, and capitalism. Download A2 Edexcel Economics past papers for Paper 1 (Microeconomics), Paper 2 (Macroeconomics) and Paper 3 (Synoptic) from 2014 to 2018 below, including the old specification for your exam practice. Economics Pacer Plan. A restaurant sells a large soft drink at a fixed price of $1.79.

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