Unit 7: The price system and the microeconomy (A Level)
Deeper microeconomics for A Level: utility and indifference analysis, efficiency and market failure, externalities and social costs, and the costs, revenues and market structures of the theory of the firm.
Practise this unit
📝 MCQ practice
476 past-paper MCQs
Instant feedback and explanations for this unit's questions.
Practise Unit 7 MCQs →✍️ Essay questions
Past-paper essays
Organised by syllabus point, with mark schemes and self-assessment.
Browse essays →📈 Data response
Past-paper case studies
Full case material, figures and per-part mark schemes.
Practise data response →🧪 Mock exam papers
Timed full papers
Assemble a full timed mock from the real bank — printable and shareable.
Open mock exams →Chapters in this unit (30–34)
- Ch 30 · Utility
- Ch 31 · Indifference Curves and Budget Lines
- Ch 32 · Efficiency and Market Failure
- Ch 33 · Private Costs and Benefits, Externalities, and Social Costs and Benefits
- Ch 34 · Types of Cost, Revenue and Profit, Short-Run and Long-Run Production
Key terms
Frequently asked questions
What does Unit 7 of CIE 9708 Economics cover?
Deeper microeconomics for A Level: utility and indifference analysis, efficiency and market failure, externalities and social costs, and the costs, revenues and market structures of the theory of the firm.
How many practice questions are there for Unit 7?
Unit 7 spans chapters 30–34 with 476 past-paper multiple-choice questions, plus essay and data-response questions with official mark schemes.
Is this free?
Yes. All revision notes and past-paper practice are free, bilingual (English / 简体中文) and work offline.
This is a free, unofficial Cambridge 9708 Economics revision resource and is not affiliated with Cambridge Assessment International Education.