Demand, utility, PED and the price mechanism (HL)

IB Economics: Demand, utility, PED and the price mechanism (HL)

This case study focuses on demand theory, utility, PED and resource allocation through the price mechanism. The paper 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 MarkschemeAsia’s growing appetite for avocados shows no signs of abating. That was...

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