Merit goods, elasticity, production possibility curves

IB Economics: Merit goods, elasticity, production possibility curves

This case study on merit goods, price elasticity of supply and production possibility curves can be completed as a homework or class work exercise and should take around 105 minutes. It is based on a paper two examination question using the new syllabus. The maximum mark for this paper is 40. Question paper MarkschemeText AAs the threat posed by Covid19 increased in 2020 so did the price of personal protection equipment...

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