Unit 1-2.10: Microeconomics questions

IB Economics: Unit 1-2.10: Microeconomics questions

This page contains 10 paper one style questions for the new syllabus. The questions were written by myself based on the information contained in the new curriculum document.1. (a) Explain how the burden of the tax paid by consumers and producers is determined by the price elasticity for a good or service? [10 marks](b) Using real world examples, evaluate the implications for producers, consumers and the economy as a...

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