Mark scheme Q4 Microeconomics 

IB Economics: Mark scheme Q4 Microeconomics 

This exam style question was written by me for the new syllabus, taking into consideration the guidance received during the recent economics up skilling workshop. Section B questions now require candidates to explicitly apply their response to a real world situation.Responses might include the following:A definition of primary goods and price elasticityA suitable diagram, illustrating a good with low PED inelasticity,...

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