Sample 1

IB Economics: Sample 1

This is the first sample for this question, on microeconomics. A reminder that exam questions and markschemes can be purchased at the IBO store, available at: Follett.“World food prices have increased sharply over the past five years.” With the aid of at least one diagram, explain how one possible demand and one possible supply factor may have caused this increase. [10 marks]The market price for any good or service,...

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