Price Discrimination – 15 Mark A-Level Economics Question (Edexcel)

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About this video :

This video is a walkthrough of a 15 mark A-Level Economics exam question on price discrimination, based on the Edexcel specification. We go step-by-step through how to approach the question, focusing on building clear chains of analysis, using diagrams effectively, and applying the concept to the context.

The aim of the video is to show how to structure strong 15 mark answers under exam conditions. I explain how to develop points such as different consumer groups, revenue maximisation, and cross-subsidisation, while also showing how to add brief evaluation to reach the top of the mark scheme.

Questions in the video:

Discuss the likely benefits of price discrimination to rail passengers. Use a diagram to support your answer.

Timestamps:

00:00 Introduction
01:17 Defining Price Discrimination
02:33 Cross-Subsidisation Benefits
03:57 Diagram Analysis
07:30 Reducing Inequality
11:11 Evaluation and Critiques
13:59 Regulation and Assumptions

Topics covered : Price discrimination, Consumer surplus, Cross-subsidisation, Revenue maximisation, Market segmentation, Diagrams, Evaluation