Paper 3 question: Subsidies, macroeconomic indicators and equity

IB Economics: Paper 3 question: Subsidies, macroeconomic indicators and equity

This section includes a sample answer for a paper 3 style examination question from the new syllabus. The question and markscheme are based on the IB approach to setting paper 3 style questions which have a quantitative and policy approach. The question is based on data and some text that the students need to use to answer the different sub-questions. This question has sub-questions that cover subsidies, price elasticity...


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